Business urges to follow the tax system stability principle
The European Business Association is closely monitoring the progress regarding the elaboration of the draft laws №1210 and №1210-1. The EBA was involved in the discussion of these draft laws within the working groups of the relevant VRU Committee. Some of our comments and suggestions have been included in the draft law № 1210-1, but this document still contains a large number of inconsistent provisions that cause massive criticism of the EBA members.
In particular, it is about the entry into force of the new rules. Thus, during the discussion in the working groups, an agreement was reached between business and representatives of the legislative authorities, that a significant part of the provisions of the mentioned documents require significant changes. Therefore, the proposed deadlines for the implementation of draft laws (immediately after their publication or from 1 January 2020) are unacceptable.
With regard to the importance of the proposed changes, the entry into force should be postponed for a period sufficient to prepare businesses and public authorities for their proper application.
We count on following the agreements reached on the revision of the draft laws between the first and second readings. After all, it is the right thing to stick to the compromise solutions we have reached.
The European Business Association hopes that the propositions of transparent and fair businesses that pay taxes will be heard and taken into account.