On Wednesday, Dec. 21, the Verkhovna Rada adopted in the second reading the law on creation of financial police body and introduction of VAT single register. 240 deputies voted for the draft law №5368, Evropeiskaia Pravda reported.
The law provides introduction of a unified public register of applications for budget refund of value added tax to exporters. From now on, recoverable funds will be transferred automatically.
Also it is planned to dissolve tax police and to form financial one. Activity of the newly created body will be supported by a separate law.
Moreover, the law offers to introduce personal electronic accounts of taxpayers, where they will be able to complete and submit all reports.
These changes were adopted within the framework of tax reform, which should improve investment climate in the country. The reform should simplify tax administration for businesses. For example, a single treasury account for taxes is going to be created, which should significantly simplify this process.
Source: Evropeiskaia Pravda