The government wants to introduce many tax innovations

2 October 2012 17:44  7521913 022446
The government wants to introduce many tax innovations

The Supreme Council registered two bills of the government amending the tax code to further improve the administration of taxes and fees.

Texts of appropriate bills number 11284 and number 11285 have not been yet published on the website of the Parliament, reports "Interfax-Ukraine".

As reported, the Ministry of Finance together with the Tax Service developed and presented to the government bill that involves a number of legal tax innovations.

As reported in the press service of the State Tax Service, the document provides for the abolition of restrictions on number of employees for the fifth and sixth groups of single tax payers, which, according to the authors of the document, will help to create new jobs.

The document also proposes a single tax rate reduction for the fifth and sixth groups from 7% and 10% to 5% and 7%, the introduction of electronic application for transfer to the simplified taxation system.

"Please note that the bill does not provide for the right of STS to deduct funds from accounts of companies that have tax debt and seize taxpayer's property which is in a tax lien without an appropriate court desicion," - noted in the Tax Service.

"The problem with tax evasion using offshore non-residents and non-residents in countries with preferential tax treatment (income tax rate by 6 or more percentage points lower than that in Ukraine) should be solved by introducing the formation of income for tax purposes in the amount of 120% of the value of goods sold to such non-residents" - explained in the Tax Service.

The bill envisages the expansion of pay fees as a surcharge to the current gas prices for consumers of all forms of ownership, including for businesses that purchase gas for their own needs as fuel and raw materials from non-residents, as well as oil and gas mining companies using the extracted gas as fuel and raw materials not only for the purposes of oil and gas mining.


In addition, the STS plans to oblige entities that belong to the third-sixth group of single taxpayers and sell luxury products to use cash registers.

The bill proposes that the requirement to use cash registers would apply only to taxpayers belonging to the third-sixth group of single taxpayers.


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