The Cabinet of Ministers approved the establishment of financial police

The Cabinet of Ministers approved a draft law on the tax system improvement previously presented by the Ministry of Finance. It includes a number of changes in the TCU, including the introduction of e-cabinet of taxpayer, “tax amnesty”, establishment of the Unified Registry of VAT payers and financial police.

It has been reported to “Law and Business” magazine “ Закон и Бизнес ” by the press service of the Cabinet of Ministers of Ukraine.

The Government states that the purpose of the draft law is to improve the quality of administration, i.e. entire process of calculation and payment of taxes and the interaction between taxpayers and tax agency. It is expected that the result will be the creation of conditions favorable for business development. This package of tax amendments is an essential part of the SFS reforms since it eliminates the possibility for systemic corruption in the tax area.

The Cabinet of Ministers also noted that the work on the draft law was “unprecedentedly” transparent.

It is emphasized that the package of amendments is the result of joint work of members of Parliament, business, public experts and the Ministry of Finance.

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