The bill (Reg. No6337) suggests the amendments to certain legislative acts on issues regarding the taxation with the aim to increase the taxes and charges income (compulsory payments) to the budgets.
The Committee members upheld on the request of the representatives of certain branch industrial associations a number of amendments to the bill, according to which the process of increase of the taxation rate of a number of excisable goods (petrol, special petrol and other light distillates, fortified wine, vermouths) envisaged in the bill adopted in the first reading, delays.
The bill also suggests a number of the amendments to the excise legislation, in particular the increase of the excise duty through the implementation of the amendments to the following Laws: "On Excise Duty on Alcohol Beverages and Tobacco Goods", "On Excise Duty Rates and Entrance Duty on Certain Types of Goods (Production)"; "On Excise Duty Rates on Ethyl Alcohol and Alcohol Beverages", "On Excise Duty Rates on Tobacco Goods."
The Committee also fails to uphold the governmental proposition regarding the increase of the excise duty rate on pear cider and cider.
The bill also suggests a number of the amendments to the Law "On Value-Added Tax." According to the document, the tax payer together with the payment of excise duty is obliged from 1 January 2011 pay advance tax instalment at the rate 20 per cent from the excise duty sum. The People´s Deputies deem that such proposition is economically and juridical groundless.
The bill introduces the amendments to the item 7.3 of the Law "On Enterprise Income Tax" regarding the operation with calculation in foreign currency in the part of the taxation of exchange difference.
In general, the Committee in the course of the elaboration of the bill for the second reading scrutinized more than 230 amendments prepared by the People´s Deputies.
Elaboration of the bill was conducted by the working group that consisted of representatives of executive power bodies, Ukrainian union of businessmen and entrepreneurs, associations: of Ukrainian banks, "Ukrainian Credit-Banking Union", "Winegrowers and Wine Makers of Ukraine", "SOVAT", "Ukrtiutiun", "Ukrhorilka", closed joint-stock company "Ukrpyvo."