The Ministry of Income: doing business will be easier

12 October 2013 10:38  11847940 148698
The Ministry of Income: doing business will be easier

Verkhovna Rada of Ukraine has supported a number of proposals of the Ministry of income and taxes to improve business conditions in Ukraine. The bill number 2054a "On amendments to the Tax Code of Ukraine on accounting and registration of taxpayers" was adopted in the first reading.

Thus, statrting from the next year, the VAT license may be replaced with an extract from the public registry, which all taxpayers will have free access to. Immediately after the registration, the data on a VAT payer will be published on the official website of the Ministry of income and taxes of Ukraine. Entrepreneurs will be able to order, receive and provide public authorities and contractors required statements electronically.

Certain benefits are also provided for other categories of taxpayers. Every entrepreneur who is not a VAT payer will be entitled to become a single tax payer immediately after registration. The taxpayer's obligation to notify regulators of changes in their data will be canceled - public institutions themselves will be receiving the required information from the Single register of legal entities and natural persons - entrepreneurs.


Entrepreneurs will also be given the opportunity to report on all the objects of taxation at the place of registration and not at the location of each one of them, as provided by the current law.

According to experts of the Ministry, these and other innovations provided under the bill are aimed at easing the conditions for doing business in Ukraine, further deregulation of business, simplification of formalities for starting a business, - the Main Office of the Ministry of Income in Transcarpathian region reported.

Post comment

Users posting offensive comments as to other participants of discussion will be banned by moderator without prior warning or explanation. The information related to these users may be provided to law enforcement authorities upon relevant request.Links and advertising messages are prohibited in the comments!

Comments (1)

222  12/10/2013 11:47 am

Влада Януковича через "ЗАХІДІНКОМБАНК" обікрала вкладників на 340 млн.гр. Така "влада" українцям не потрібна.

Total 1 comments