The Ministry of Finance is launching the project “Podatky Prosto” (“Taxes Simply Made”) aimed to simplify tax administration and tax reporting for taxpayers. On March 28, 2018, the Ministry of Finance hosted the first meeting of the working group for the simplification of tax administration. The meeting was attended by Yana Bugrimova, advisor to the Minister of Finance, as well as business representatives, representatives of the State Fiscal Service and experts.
What’s it about?
Measured by the time spent by business to prepare tax reports, Ukraine ranks 159 among 190 countries in the rating Paying Taxes 2018.
“Podatky Prosto” is the initiative of the Ministry of Finance launched to consolidate efforts in the search for solutions which would improve tax administration procedures.
In their first meeting, the members of the working group discussed the format of their further work as well as issues which will be handled by sub-groups, including the simplification of reporting procedures for:
• corporate profit tax;
• personal income tax;
• excise tax;
• transfer pricing;
Also, a sub-group will be designated for the general issues of tax administration and the preliminary filing of tax reports in the electronic office of a taxpayer.
The participants of the meeting agreed that it is important to extend the range of services for taxpayers which will simplify and speed up the tax reporting procedure including the preparation and submission of tax reports.
The Ministry of Finance and the State Fiscal Service will be working to implement the service for the preliminary issue of tax declarations which will make it possible to minimize the number of mistakes in tax reports and significantly reduce time consumption for taxpayers.
If you have proposals on how to make tax reporting simpler or if you wish engage yourself in the work of the respective sub-groups, please send a message to email@example.com or send a letter to the Ministry of Finance (11 Mezhyhirska str., Kyiv).