Business news from Ukraine

Business news from Ukraine

FISCAL SERVICE PREPARING AUTOMATED GOODS TURNOVER RECORDING SYSTEM WITH BARCODES

7 September , 2015  

KYIV. Sept 7 (Interfax-Ukraine) – The State Fiscal Service of Ukraine plans to introduce an automated goods turnover recording system from importers/producers to end consumers using barcodes, State Fiscal Service Head Roman Nasirov said at a press conference last week.

He said that the system would automatically prevent value added tax (VAT) for imported goods avoidance.

Among the other plans of the fiscal service under the ongoing tax reform is the introduction of the excise duty electronic administration, the approval of the shortcut form of tax reports, the introduction of the single-level system of appealing tax agencies’ decisions by taxpayers, and the creation of the mediation mechanism for settling tax disputes.

“When we speak about the next steps, this is not theory, this is what we will be responsible for and report on the next month and until the end of the year,” he said.

He added that the draft law on the creation of the system of appealing the decisions of tax agencies by taxpayers has been discussed by the cabinet and it is now in the parliament, adding that the draft law could be approved in September.