Territory of high tax trust level: benefits and opportunities for business

Press service of the State Tax Service of Ukraine, published 19 November 2024 at 14:32 Chapter: News

Representatives of the State Tax Service and Federation of Employers of Ukraine spoke today about the new level of cooperation between the state and business, which is based on mutual trust, support, and partnership.

Acting Deputy Head of the State Tax Service Yevhenii Sokur presented the new project of the State Tax Service – Territory of high tax trust level and benefits received by its participants.

“As of today, the new format of communication with the Tax Service is offered to business. Basis of this project is idea that the business that meets clearly defined criteria can receive support from the state. This approach is a motivation for other entrepreneurs to follow all rules in order to also receive additional preferences from the tax administration” – stated Yevhenii Sokur.

According to him, taxpayers who will be included in the List of taxpayers with a high level of voluntary compliance with tax legislation will receive certain tax benefits.

Specifically, this is moratorium on audits. This includes exemption from the majority of unscheduled, scheduled and actual documentary audits. Terms of the in-place and documentary audits for receiving budgetary refunding and terms of providing individual tax consultations are also being reduced.

Another important component is assigning compliance manager to each payer. This is convenient, as manager will help track possible tax risks in the payer's activities and provide advice on how to eliminate them.

"I invite representatives of the Federation of Employers of Ukraine to join the new project and take advantage of its benefits. Compliance manager will not only inform about legislative requirements and restrictions, but will also help develop the best strategies for fulfilling tax obligations and eliminating potential risks of violating tax legislation" – emphasized Yevhenii Sokur.

Acting Deputy Head of the State Tax Service, during the meeting, answered questions about the project’s main aspects and called for using the new sub-site of the State Tax Service “Territory of high tax trust level”, which contains all useful information. Particularly, the taxpayers will be able to learn about the average rates of tax payments to the budget and average salary in their industry, check their own rates, etc.