Expert opinion as regards key amendments to tax laws | KPMG | UA

KPMG in Ukraine gave expert opinion as regards key amendments to tax laws at meeting organized by CFO Club Ukraine

Expert opinion as regards key amendments to tax laws

Round table "Taxes: results, forecasts, problems", organized by CFO Club Ukraine, was held on 14 December. Oleg Chayka, Director, and Larysa Antoshchuk, Head of Tax Disputes Resolution Practice, KPMG in Ukraine, were among the speakers at the event.

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KPMG in Ukraine gave expert opinion as regards key amendments to tax laws at meeting organized by CFO Club Ukraine

Round table "Taxes: results, forecasts, problems", organized by CFO Club Ukraine, was held on 14 December. Oleg Chayka, Director, and Larysa Antoshchuk, Head of Tax Disputes Resolution Practice, KPMG in Ukraine, were among the speakers at the event.

The biggest concern of the representatives of retail and Internet sales sectors was the issue of release of the VAT vouchers.

"Apart from the administrative appeal, businesses affected by the blocking of tax vouchers have the option of going to court. More than 90% of awards on cases related to the obligation to register tax vouchers have been taken in favor of businesses. However, this instrument of defense means losses of both time and money for business (the legal fees for filing every single non-property claim comprise UAH 1,600). Businesses hope that some blocking-related issues will be resolved after the approval of draft law No.6776 "On amendments to the Tax Code of Ukraine as regards balancing the budget proceeds in 2018", - commented Larysa Antoshchuk.

IT-business representatives also told the audience about topical tax issues existing in their sector. They posed a number of meaningful questions to the representatives of the State Fiscal Service of Ukraine present at the event as regards specifics of settlements via acquiring systems. The tax authorities treat them as cash settlements, although this approach remains disputable.

The participants held separate discussions of the initiative on introduction of tax on divestments and the future of the simplified taxation system.


 

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