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The IMF is studying the implementation of Ukraine’s structural beacon

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The IMF may not count on the implementation of the “tax” beacon structure, since the bill changed the terms of the tax audit without agreement with the fund.

The International Monetary Fund began studying the final version of the law on amendments to the Tax Code of Ukraine and other laws of Ukraine on the details of taxation during martial law (No. 8401) for compliance with the structural beacon . This is what the IMF Resident Representative in Ukraine, Vahram Stepanyan, said, Ukrinform reported on Friday, August 25.

“We are studying the final version of the law to establish its compliance with the agreed approach. This will determine whether this structural beacon is implemented or not,” Stepanyan said.

Yaroslav Zheleznyak, First Deputy Chairman of the Verkhovna Rada Committee on Finance, Tax and Customs Policy, said that the IMF does not count the implementation of the “tax” structural beacon, because the bill was changed in terms of the audit of tax without a fund agreement.

The law is supposed to lift the moratorium on tax audits for large business entities. But in the second reading this standard was rejected. This proposal was supported by the majority of people’s representatives. At the same time, the moratorium was partially lifted – for excisable goods, gambling and financial services.

Recall that at the end of July, the Verkhovna Rada adopted the draft law No. 8401 in total, which restored the pre-war state system of taxation. The law came into force on 1 August. It is one of the 19 structural beacons under the Enhanced Funding Agreement with the IMF.


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Source: korrespondent

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