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Representatives of the Ministry of Finance and State Tax Service within framework of the World Bank program took part in educational and practical seminar on international taxation

, published 12 April 2024 at 16:26

Educational and practical seminar was held as a part of the World Bank's Program to support Ukraine on international taxation, in which representatives of the Ministry of Finance of Ukraine and State Tax Service of Ukraine participated.

During the seminar, experts from the World Bank, Organization for Economic Cooperation and Development (hereinafter – OECD), program "Tax Inspectors without Borders" (TIWB) and foreign colleagues of tax services from the Republic of Austria, Kingdom of Sweden, French Republic, United Kingdom of Great Britain, Northern Ireland provided qualified expert assistance through the exchange of experience regarding introduction and principles of application of provisions of the EU Directives on prevention of tax evasion (Anti Tax Avoidance Directive), general rule against tax abuse (General Anti-Abuse Rule), conducting audits, in particular, of taxpayers who are part of international groups of companies for compliance with the "arm's length" principle.

Particular attention was paid to practical cases regarding intangible assets, financial operations and intra-group services, as well as attribution of profit to a permanent establishment.

In addition, representatives of the State Tax Service presented materials on the state of implementation of transfer pricing norms, which is accompanied by implementation of certain principles of the OECD Guidelines on transfer pricing for transnational companies and tax authorities in edition2022 into the Tax Code of Ukraine, steps of the BEPS Action Plan, joining the CRS/CbC standards and other measures aimed at European integration.

They also shared experience and procedure for organizing work on providing individual tax consultations and questions that arise for taxpayers in this area.

According to the meeting results, participants determined priority areas of work, including compliance with the "arm's length" principle by using risk-oriented approaches and stimulating taxpayers to voluntary tax compliance.

Seminar, in general, undoubtedly contributed to the improvement of professional skills of all its participants, gained knowledge and experience will be used in work on improving regulatory framework on international taxation.

Participants of the event emphasized importance of further cooperation and exchange of experience.