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Business opposes consideration of draft law №5600 under the simplified procedure

22/ 09/ 2021
  On September 23, the Verkhovna Rada of Ukraine plans to consider draft law №5600 on balancing budget revenues. The document aims at amending the Tax Code of Ukraine and six other laws. Despite its complexity and more than 11,000 amendments registered before the 2nd reading, the VRU Committee on Finance, Tax and Customs Policy considered the draft law without proper discussion and did not allow the business association to participate. And the VRU Committee held only 5 meetings to prepare the document for the 2nd reading. At the same time, the text of the revised draft law has not been made public yet, and its consideration at the plenary session is planned to be under the simplified procedure, which is not provided by the Rules of Procedure of the Verkhovna Rada of Ukraine. Anna Derevyanko. EBA Executive Director. It seems that in this way the MPs just want to hastily adopt the draft law so that the business community cannot offer its opinion. And according to business, certain rules in this draft law are unacceptable. For example, such rules related to ore and radiofrequency rents, or a loss carryforward were considered at the last moment. And now, even before the vote in the 2nd reading, the fate of these rules is unknown. Does it look like predictability for business? Besides, according to preliminary information, the 4th taxpayers’ group for poultry farms was removed. Also, according to preliminary information, VAT on the sale of real properties will not be introduced. It is the only issue in which the business opinion was heard. Meanwhile, business is outraged by a ban on that prevents the taxpayer management with tax debts to leave the country. At present, the ban is expected to be enforced by a court decision - and in this context, the question of the efficiency of the countrys judicial system is rhetorical. Therefore, the European Business Association emphasizes that the haste in adopting this draft law is unacceptable. The draft law does not take into account the position of the business, ignores the principles of stability and predictability of public policy, and will have a negative impact on bona fide taxpayers. The business community appeals to the Office of the President of Ukraine, the leadership of the Verkhovna Rada of Ukraine, and all MPs to prevent Parliament from considering draft law №5600 under the simplified procedure and stresses the need to return it to the Committee for thorough revision with the involvement of business and experts.   Be the first to learn about the latest EBA news with our Telegram-channel – EBAUkraine.

On September 23, the Verkhovna Rada of Ukraine plans to consider draft law №5600 on balancing budget revenues. The document aims at amending the Tax Code of Ukraine and six other laws. Despite its complexity and more than 11,000 amendments registered before the 2nd reading, the VRU Committee on Finance, Tax and Customs Policy considered the draft law without proper discussion and did not allow the business association to participate. And the VRU Committee held only 5 meetings to prepare the document for the 2nd reading.

At the same time, the text of the revised draft law has not been made public yet, and its consideration at the plenary session is planned to be under the simplified procedure, which is not provided by the Rules of Procedure of the Verkhovna Rada of Ukraine.

Anna Derevyanko EBA Executive Director
It seems that in this way the MPs just want to hastily adopt the draft law so that the business community cannot offer its opinion. And according to business, certain rules in this draft law are unacceptable. For example, such rules related to ore and radiofrequency rents, or a loss carryforward were considered at the last moment. And now, even before the vote in the 2nd reading, the fate of these rules is unknown. Does it look like predictability for business? Besides, according to preliminary information, the 4th taxpayers’ group for poultry farms was removed.

Also, according to preliminary information, VAT on the sale of real properties will not be introduced. It is the only issue in which the business opinion was heard. Meanwhile, business is outraged by a ban on that prevents the taxpayer management with tax debts to leave the country. At present, the ban is expected to be enforced by a court decision – and in this context, the question of the efficiency of the country’s judicial system is rhetorical.

Therefore, the European Business Association emphasizes that the haste in adopting this draft law is unacceptable. The draft law does not take into account the position of the business, ignores the principles of stability and predictability of public policy, and will have a negative impact on bona fide taxpayers.

The business community appeals to the Office of the President of Ukraine, the leadership of the Verkhovna Rada of Ukraine, and all MPs to prevent Parliament from considering draft law №5600 under the simplified procedure and stresses the need to return it to the Committee for thorough revision with the involvement of business and experts.

 

Be the first to learn about the latest EBA news with our Telegram-channel EBAUkraine.

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