The participants
of the meeting focused on the bills on amendments to the Tax Code of Ukraine
and several other legislative acts of Ukraine (regarding simplified taxation,
financial accounting and reporting for small business subjects).
Thus, the governmental bill (Reg. No.8521) implements new principles of simplified taxation, financial accounting and reporting for subjects of small business. Namely, the individuals performing non-systemic sales are entitled to tax their income under the short-term license.
The bill (Reg., No.8251-1) submitted by People's Deputy of Ukraine N. Korolevska supports the simplified taxation system, implements a single mechanism of simplified taxation, increases the income limit from products sale; differentiates single tax rate for legal entities; introduces responsibility; prevents possible abuse on the part of subjects of big and mid-sized business regarding use of simplified taxation system as an attempt to reduce one's tax obligations.
Opening the meeting, Committee Chair N. Korolevska stated that the governmental bill requires finalization. She believes that the simplified taxation system shall not be transformed into the instrument of tax optimization on the part of big business, since it would discredit the idea of the simplified taxation system.
The participants of the meeting believe that the principles that might facilitate tax evasion and minimization of tax obligations should be excluded from the bill.