In 2017 tax inspections on the district level will be transformed from monitoring and inspecting bodies into consulting ones. Control functions will remain the same at the regional level, but the number of inspections will be significantly reduced. It is stated in the law “On Amendments to the Tax Code of Ukraine in order to improve investment climate in Ukraine”, which has been signed by the President of Ukraine today.
Currently, all tax information will be collected in personal accounts of taxpayers. Thus, they will be able to verify accounts with the budget, complete and submit reports, register invoices and even correspond with fiscal service representatives.
Also according to these amendments, all newly created enterprises will be granted remission of any checks for three years, if they have a turnover less than 3 million.
Moreover, a unified public register of applications for budget refund of value added tax will be also implemented. 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.
Source: Official website President of Ukraine