Representatives of the subject
Committees of the Verkhovna Rada of Ukraine, and the Ministries and Departments,
business entities, investment companies, and members of the American Chamber of
Commerce in Ukraine (Chamber) attended the meeting.
The participants declared, "The Chamber experts carried out a great work concerning the Tax Code of Ukraine." They emphasized, "The Chamber together with the big business community continues reforming the Ukrainian system of taxation in the partnership with the regulatory bodies of Ukraine."
The Round Table participants discussed a number of Tax Code fundamental principles.
Chairman of the Committee on Taxation and Customs Policy Vitalii Khomutynnik emphasized, "The Committee has always been ready to work upon the implementation of Tax Code, and this work shall be systemic and complex."
V. Khomutynnik focused attendants´ attention on the two sittings of the Committee regarding analysis of Tax Code principles in Ukraine.
The Committee passed the decision to "consider the analysis of Tax Code implementation in Ukraine as a priority task, so it carries our monthly monitoring of its implementation."
V. Khomutynnik stated that according to the results of the analysis of Tax Code implementation in Ukraine in first quarter of 2011, the Committee planned to debate drafting of the bill on amendments to the Code by the Ministry of Finance together with the State Tax Service. This bill should specify several principles, correct ambiguous interpretations, and improve the norms in part of budget revenues.
The members of the discussion stressed that People´s Deputies of Ukraine had already drafted and submitted nearly ten bills on amendments to the Tax Code.
The Committee gave its recommendations concerning implementation of the Tax Code.
Furthermore, it is planned to scrutinize some other issues on Tax Code implementation.