A technical mission of the International Monetary Fund (IMF) on tax policy has completed its work in Ukraine as part of a two-week visit, according to the Ukrainian Finance Ministry.
”The Ministry of Finance has been advised, in particular, on regulations on funds transfer pricing, an improvement in the simplified tax system and the introduction of BEPS [Base Erosion and Profit Shifting] rules,” the ministry wrote on Facebook on Monday, March 27.
The mission also made recommendations on levying tax on capital withdrawals.
The ministry stressed it continued working on tax reform, including tax administration, and the development of the concept of the State Fiscal Service`s development.
Earlier, Ukrainian Finance Minister Oleksandr Danyliuk presented a plan for the reform of the State Fiscal Service to an IMF technical mission in July 2016.
The State Fiscal Service, which now combines the tax and customs agencies along with tax police, was created on the basis of the Ministry of Revenue and Taxes, which was disbanded in March 2014 with the arrival of Arseniy Yatsenyuk`s government after the Revolution of Dignity.
The incumbent Prime Minister, Volodymyr Groysman, says that the State Fiscal Service`s reform remains a top priority of the government`s work, as the agency has been and remains ”a champion in terms of the number of complaints from companies” about the Ukrainian authorities` performance.