Policy Progress: Joint Efforts of the Expert Council under the Ministry of Finance of Ukraine Resulted in Issuing a Number of Integrated Tax Consultations

During 2018 the Expert Council under the Ministry of Finance of Ukraine developed 13 integrated tax consultations. The Chamber Member Companies’ experts actively participated in the work of the Expert Council and provided their proposals and comments to the draft consultations.

As a result, the issued tax consultations eliminate the ambiguity in certain issues of taxation of corporate income tax and personal income tax, land tax, VAT, and determination of the tax period for adjusting the financial result before taxation.

We would like to thank the Ministry of Finance of Ukraine, the Verkhovna Rada of Ukraine Committee on Tax and Customs Policy, the State Fiscal Service of Ukraine, all the members of the Expert Council on the development of integrated tax consultations and Chamber Member Companies’ experts for productive cooperation in 2018. As many more issues require clarification, we are ready to continue working in 2019 in order to eliminate the ambiguous interpretation of several provisions of tax legislation.