Tax authorities explained how to get on the List of Honest Taxpayers
26 November 15:08
The State Tax Service has prepared an information letter on the innovations in tax legislation provided for by Law No. 3813-IX “On Amendments to the Tax Code of Ukraine on Peculiarities of Tax Administration during Martial Law for Taxpayers with a High Level of Voluntary Compliance with Tax Legislation”. This is stated in the press service of the State Tax Service of Ukraine, Komersant ukrainskyi reports.
As noted, the main innovation of this Law is to determine how the List of taxpayers with a high level of voluntary compliance with tax legislation is formed and approved.
The information letter of the State Tax Service explains what requirements and criteria a legal entity or individual entrepreneur must meet to be included in the List of taxpayers with a high level of voluntary compliance with tax laws. In particular, these include requirements for the level of tax payment, payroll, etc. The letter is available here.
What gives entrepreneurs the right to be included in this list?
As explained by the Ministry of Finance, inclusion in the list will be an incentive for all taxpayers to comply with the requirements of tax legislation, as such taxpayers will receive certain advantages in tax administration during martial law, namely
– moratorium on documentary audits, except for certain types
– reduction of the timeframe for desk and documentary audits for the purpose of budgetary reimbursement;
– reduction of the timeframe for providing individual tax consultations;
– the taxpayer is assigned a compliance manager with whom the taxpayer will be able to interact, in particular, using remote communication means, including videoconferencing.
It is also reported that the list of taxpayers will be published on the official website of the State Tax Service of Ukraine on the 15th business day after its approval. The State Tax Service will compile and approve the List of Taxpayers no later than the last business day of March, May, August and November. If a taxpayer submits a notice of refusal to disclose data, the STS may not publish information about it in the list.
A taxpayer will be excluded from the list if the supervisory authority finds that the taxpayer or its participants have Russian citizenship, the taxpayer’s ultimate beneficial owners are domiciled in Russia, decisions on the application of special economic sanctions, etc.
The Ministry of Finance hopes that the introduction of the Procedure will have a positive impact on the country’s economy, as it encourages companies to operate legally, reduces the shadow economy and increases budget revenues.
