To amend the Tax Code to set out a clear procedure for calculation and payment of penalties imposed …
To amend the Tax Code to set out a clear procedure for calculation and payment of penalties imposed for late VAT refund. It shall be clearly stated in the Tax Code that the amount of penalty shall be paid to the taxpayer irrespective of the fact of its’ receipt of reconciled VAT refund.
Based on the report:
“PROBLEMS WITH ADMINISTERING BUSINESS TAXES IN UKRAINE” October 2015
State:
Status:
— comments: The relevant amendments were proposed by the BOC during the discussion of amendments to the Tax Code of Ukraine in October-December 2016. However, the proposals were not approved by the working group at the Ministry of Finance.