Law takes effect
Law of Ukraine of 04.07.2013 № 404-VII to amend the Tax Code came into force on 11.08.2013.
Considering the list of taxes and duties, the only duty not included in the scope of the TCU previously, was Single Contribution. Now this contribution also moved into the hands of tax authorities. Subdivisions of the Ministry of Revenues acquired new functions:
1) monitoring the timeliness of reporting; timeliness, reliability, completeness of accrual and payment of Single Contribution;
2) recovery of untimely accrued and / or paid the single payment amounts and other payments;
3) postponement, installment and restructuring of arrears in the payment of the single contribution.
Reporting on Single Contribution is equated with tax reporting, and inspection of submitted accruals and correct calculation and payment of contributions will be additionally monitored by territorial authorities of the Ministry of Revenues.
Administrative reform of the tax system resulted in the new wording of paragraph 1 item 56.22 of the Tax Code. From now on the administrative appeal of decisions of the STS is then followed by criminal proceedings (informing managers of suspected tax evasion).
