Ministry of Finance to issue tax clarifications

On July 28, the Ministry of Finance launched a project on issuing the summarizing tax clarifications in order to solve the most urgent business matters, which originate from dubious interpretation of the tax legislation.

The Ministry of Finance expects that this project will help minimize the instances of different interpretation of legislation by the State Fiscal Service and taxpayers, as well as save time and money wasted by entrepreneurs on legal disputes.

According to the Ministry, the project will be carried out in the following order:

– collection of information from the business with regard to the most widespread problems;
– analysis of the matter;
– clarification;
– systemic resolution of the matter through making amendments to the legislation.

The representatives of the American Chamber of Commerce, the European Business Association, the Council of Business Ombudsman, the State Fiscal Service and the experts partook in the development of the initiative.

The Ministry of Finance also involved the global company “Pricewaterhouse Coopers” in the analysis of problems and development of suitable solutions.

 

Source: Law and Business

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