Ukraine wants from 1 January to join the European Plan against tax evasion

Ukraine from January 1, 2017, plans to accede to the Plan of the Organization for economic cooperation and development in Europe (OECD) to combat tax evasion – Base erosion and Profit Shifting (BEPS).

As reported in the press service of the Ministry of Finance of Ukraine, the letter of offer, the Minister Alexander danyluk gave the Secretary-General of the OECD Jose angel Trevino, Gurrie.

«Today, many countries face problems of paying taxes only because the principles of national and international taxation do not match each other. In particular, the current rules allow businesses to speculate tax rates, modes, and statuses. Therefore, the OECD developed recommendations on combating tax evasion», — explained in the Ministry of Finance.

The guidelines include 15 steps, including improvement of transfer pricing rules, combating tax evasion through international treaties, the taxation of controlled foreign companies, the exchange of information.

«The BEPS plan is a single rule that allows you to fight speculation and to create equal conditions for all players. Ukraine’s accession to this plan is a positive signal for investors», – noted in the Ministry of Finance.

As reported, in addition to the Plan to combat tax speculation Ukraine also plans to join the investment Committee of the Organization for economic cooperation and development (OECD), which will allow Ukrainian business to communicate with potential investors directly.

In September, the Ministry of Finance presented an update on the draft amendments to the Tax code, according to which most of the powers of the State fiscal service transferred to the Ministry of Finance, and the service remains a service and the implementation of verification work at the regional level.

Recall that the tax reform is one of the key conditions for Ukraine’s commitments under the programme of cooperation with key creditor countries — the International monetary Fund.




Ukraine wants from 1 January to join the European Plan against tax evasion 23.11.2016

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Ноябрь 23rd, 2016 by
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