Anti-corruption tax amendments

To solve the main issues affecting business, the Ministry of Finance initiated the preparation of anti-corruption amendments to the tax legislation. The key goal is to remove opportunities for systemic tax-related corruption, to make tax administration simple and transparent as well as to create favorable conditions for business development.

The package of the amendments to the tax legislation is the joint product of MPs, business, civil experts and the Ministry of Finance. The Ministry of Finance published draft amendments several times for a public discussion welcoming everyone to share her/his proposals. Experts and business point out that the transparency of the preparation of these law amendments was “unprecedented”.

This anti-corruption package has already been publicly supported by leading business associations and civil organizations including the US Chamber of Commerce, the All-Ukrainian Association of Small and Medium-Sized Business “Fortetsya”, the European Business Association, the Association of Ukrainian Entrepreneurs (SUP), the Ukrainian Business Association, the Ukrainian Chamber of Commerce and Industry, the Council of the Business Ombudsman, the Ukrainian League of Industrialists and Entrepreneurs, the civil platform “Taxes for Economic Freedom” (uniting 17 associations), the coalition “For a Liberal Tax Reform” (uniting 15 associations) as well as the union of the civil experts of the Reanimation Package of Reforms which unites leading research centers and civil organizations.

What’s the advantage?

- the proposed amendments improve the quality of tax administration, i.e. the entire process including tax calculation and interaction between taxpayers and tax authorities;
- they reduce pressure on business and create favorable conditions for business development;
- the proposed amendments are an important part of the reform of the State Fiscal Service, since they eradicate opportunities for systemic tax-related corruption.

What has been done so far?

•in July the Ministry of Finance presented a plan of amendments which are a part of the draft law on the improvement of the tax system;
in the beginning of August the Ministry of Finance presented the preliminary text of the draft law on tax amendments for a public discussion;
in October theGovernment approved the anti-corruption draft law on the improvement of the tax system.

The Ministry of Finance welcomes the adoption of the anti-corruption draft law No. 5368 as a basis for the improvement of the tax system

What’s next?

The Ministry of Finance is working actively on implementation of the Law 1797 "On amendments to the Tax Code regarding improving investment climate in Ukraine".

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