KYIV. July 20 (Interfax-Ukraine) – The Ukrainian parliament has amended the Tax Code of Ukraine on reducing tax pressure on business.
A total of 233 lawmakers passed, at second reading, draft law No. 2004 on amending the Tax Code regarding the reduction of tax pressure on taxpayers on July 17.
Presenting the document, chair of the parliamentary committee for tax and customs policies Nina Yuzhanina said that it envisages the transfer of powers to present generalized tax consultations to the Finance Ministry with their obligatory publication on the ministry’s website.
According to the comparative table to the draft law, it foresees the inclusion of the requirement to the Tax Code, according to which supervision and other agencies are banned from using the audit certificate as grounds for conclusions regarding the relations of taxpayers with contractors in the tax notification which was not handed to taxpayers after the drawing up of the audit certificate or if it is considered revoked.
The draft law expands a list of documents which allow supervision agencies to start auditing by detailing: the copy of the order to start an audit is to contain the date when the order was issued, the name of the supervision agency, and the name and details of taxpayers.
If the audit is conducted in another place it should contain the address of the taxpayer undergoing the audit, the goal of the audit, its type (scheduled document audit, off-schedule audit or physical audit), the date of the start and the period of the audit, the period being audited. The order to start the audit is to be signed and stamped by the head of the supervision agency or his or her deputy.
The document also expands the Tax Code with the requirements to add foreign companies or organizations if they receive ownership rights to taxable property or land in Ukraine, if the way and goals of receiving property do not require the creation of subsidiary or a permanent representative office of nonresidents in Ukraine, to the register of supervision agencies. The companies are to submit the following documents: an application in the form approved by the Finance Ministry; a copy of an extract from the trade, bank and or court register issued in the country of the foreign company’s registration and legalized under the established procedure with notary-endorsed translation into Ukrainian; notary-endorsed copy of title-establishing documents which confirm the ownership rights to property or the right to use land issued and registered to nonresidents; information on the representative of the taxpayer.
