Package solutions o VAT da 3.4 billion UAH per year – project – GazetaPrawna.pl

“Subject regulation by introducing additional solutions, which aim at improving tax collection will boost revenue in the state budget, therefore, will have a positive impact on the situation in the public Finance sector. The financial implications have been developed on the basis of fiscal data and statistics. The effects of compaction, it is estimated that in the year amounting to about. 3 400 million UAH”, – stated in the regulatory impact assessment of the draft law.

“assuming that most of the changes to the sealing shall enter into force from 1 January 2017, the effects of these in the year of introduction will be approx. 3 117 mln (3.400 million RUB./12*11). The elimination of returns on a quarterly basis for large taxpayers will be a one-time effect of the offset of income for this title in the amount of approx. 800 million UAH. The increase in the threshold of subjective liberation from 150 000 to 200 000 rubles will entail negative consequences for the budget in the year of introduction of the approx. height – 275 million rubles”, – he added.

As stated in the explanatory note to the bill, the tax on goods and services is the most important source of state budget revenues, thus, the magnitude and stability of income from the name of this tax is extremely important from the point of view of state security and social and economic policy of the state.

“Since 2008 there has been overall increase in the vulnerability of VAT, defined as the difference between the VAT theoretically due (theoretical revenues of the state budget and VAT, in fact, loaded (real income). The current situation requires, therefore, decisive actions and new solutions, as implemented until now, measures against these negative phenomena (including the measures of nature, legislative), from today’s point of view, are not sufficient. The draft law introduces additional solutions to improve the collection of taxes – the so-called solution package sealing,” he added.

According to the explanatory Memorandum, the law on VAT, inter alia, the adoption of laws amending the methods of calculations and investigations, validation and change in mechanism of reverse burden of VAT and joint and several liability of the buyer for the tax debts of the entity engaged in the supply of certain goods.

“And in the criminal Code, the Inspectorate proposes tougher sanctions (including the imposition of penalty of imprisonment) for those involved in tax fraud. Changes to the tax code related to the elimination of the possibility of calculating through some taxpayers, the tax on goods and services for the quarterly periods and the introduction of joint and several liability of the representative taxpayer, the transmitter for the tax debt of a taxpayer that arose in a period of 6 months from the date of registration of the taxpayer as a VAT payer”, it says.

VAT RATES

according to the draft, because the proposed solutions o will bring results only in subsequent years, the bill proposes the preservation of the old values of the rates of tax, ie 8 and 23 percent. until December 31, 2018.

In the regulatory impact assessment it is recorded that in the maintenance of tax rates at the same level until December 31, 2018. this change will not increase or decrease revenues of the state budget relative to the value obtained in previous years.

“will have No impact on the budgets of local governments and other units of public Finance sector. In the case niewprowadzenia this change and decline in 2017. currently effective tariffs by 23%. and 8 percent. one would expect, the loss of budget revenues from VAT approx. number of 7.5 billion rubles a year”, it says.