The Bill (Reg. No.2109) proposes that banks-value added tax payers determine the special procedure of tax credit calculation by purchase (construction and erection) of fixed assets.
The Bill also supplements effective regulation with the statement, pursuant to which, "total tax assessed (paid) by banking institutions due to purchase or construction (also on share interest terms) of such objects of fixed assets are to be included in full amount to the tax credit for accounting period of such tax payers".
However, the introduced legislative initiative fails to comply with the basic principles of taxation system, namely, prevention of tax discrimination and use of single method whilst elaborating tax legislation.
More posts by topic
“News 2”
18 February 2025 17:49
24 March 2023 11:30
15 December 2020 19:15
15 December 2020 12:36
15 December 2020 12:00
12 December 2020 15:18
07 December 2020 15:21
07 December 2020 11:30
05 December 2020 10:15
05 November 2020 13:05