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community Initiative

Restoring Donbas

community Initiative OF OLEKSANDR KLYMENKO

Harmonization of tax reporting and accounting

12:00 / 20 Dec. 2014 / 639

Harmonization of tax reporting and accounting

Such initiative will make tax accounting simpler and clearer, will reduce the amount of time and cost for both business and tax officials. This convergence, as a strategic objective, has been documented in the Tax Code of Ukraine, adopted in 2011. Ministry of Revenue and Duties, together with the Investment Council formalized this idea into a concept that was presented in February 2014. Now it is necessary to complement the existing framework document with an implementation algorithm and to bring it into action.

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