The Verkhovna Rada is proposing to create a “white business club” in Ukraine – a list of bona fide taxpayers who will be inspected less frequently for compliance with the law. This was announced on Telegram by the chairman of the Tax Committee Danylo Hetmantsev, Kommersant Ukrainian reports
The essence of the draft law is to exempt from tax audits businesses that have higher than average tax payments and salaries on the market.
“Together with my colleagues, we developed a draft law on the white business club. The idea is that if an entrepreneur meets simple and transparent criteria for paying taxes above the industry average and paying salaries above the industry average, they will not be subject to tax audits. This is among other advantages. The list is reviewed quarterly,”
– Hetmantsev wrote.
Taxpayers included in the list will receive the following benefits
- a moratorium on documentary audits;
- reduction of the timeframe for desk and documentary audits for the purposes of budgetary reimbursement – five calendar days;
- individual tax consultations within five calendar days;
- the taxpayer is assigned a compliance manager with whom the taxpayer will be able to interact, in particular, using remote communication means, including video conferencing;
- the taxpayer, upon request, has the right to receive information on tax information available to the controlling authority that may indicate tax risks in the taxpayer’s activities, as well as advice on how to eliminate such risks within five days.
The list of taxpayers with a high level of voluntary compliance with tax legislation will be updated on a quarterly basis to include legal entities and individual entrepreneurs who meet a number of requirements and criteria.
According to the draft law, the List will be maintained by the State Tax Service of Ukraine, and taxpayers will receive information about their inclusion through an electronic cabinet.