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President at working group meeting: Drafting de-offshoring legislation is State top priority
18.04.2016 21:58 "Agro Perspectiva" (Kyiv) —
As of today, the Ukrainian President Petro Poroshenko has
held a working meeting with representatives of the government, parliament and fiscal institutions on the elaboration of legislative proposals on de-offshoring, President Petro Poroshenko Press Office reports.
As to the report, the President underlined his determination to make legislative amendments in the sphere of business regulation related to offshore companies and create motivations for business legalization and fair tax payment.
Reportedly, Poroshenko emphasized that first of all Ukraine must accede to the international convention on ensuring Ukraine’s access to the accounts of non-residents. So, the Ukrainian Ministry of Finance and the State Fiscal Service must make necessary steps to sign and ratify respective agreement that will ensure access to the accounts of Ukrainian residents in foreign banks for the Ukrainian governmental bodies.
«As of today, over 30 countries have joined this initiative. I am convinced that this information must be open, transparent and recorded in relevant authorities,» the President stressed.
Then, as to the President, it is necessary to ensure the payment of taxes by the companies owned by Ukrainian residents directly or indirectly irrespective of the country of their registration. «If a resident of Ukraine doesn’t pay taxes in Ukraine, it should be considered by the Ukrainian legislation as tax evasion and provide for respective liability,» the President said.
As to him, corresponding experience exists in many countries of the world and «we shouldn’t reinvent the wheel, but introduce these legislative amendments promptly».
It is to be admitted, the working group consists of representatives of the Ukrainian Cabinet, Committee on Taxation and Customs Policy of the Verkhovna Rada, National Bank of Ukraine, National Commission on Securities and Stock Market and State Fiscal Service.
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