Coordination сenter for combating tax fraud: State Tax Service, State Financial Monitoring Service and Bureau of Economic Security will strengthen counteraction against tax evasion

State Tax Service, together with the State Financial Monitoring Service and Bureau of Economic Security, discussed possibility of creating coordination center for combating tax fraud. Representatives of Services agreed on this during the working meeting. 

Task of such center is to carry out financial and tax monitoring of enterprises, summarize identified cases of tax violations to develop appropriate measures for rapid response. 

As Deputy Head of the State Tax Service Serhii Lyseiuk noted, operation of such center will contribute to the prompt resolution of operational questions that arise during development of identified schemes, and will allow the use of more effective mechanisms for responding to economic crimes.

He also suggested that, for greater efficiency, employees of the State Customs Service, which, like the State Tax Service, is a controlling authority in taxation sphere, be involved in the work of center.

Participants identified further organizational measures necessary to launch the center’s work, in particular, creation of a working group and development of a roadmap. 

Parties, during event, also discussed further plans for cooperation, analyzed tendencies in financial crimes, peculiarities of their detection and prevention. Topic specifically was about economic violations, legalization  of proceeds from crime(money laundering), including with the use of individuals-entrepreneurs.

It was noted that the data exchange and analytical information, which is carried out within the framework of trilateral Memorandum of cooperation between the Services signed in March of this year, already allows for prompt stopping of suspicious transactions.