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Ukraine will fight bribery of foreigners in international business transactions

Photo: Verkhovna Rada

The law adopted by the Rada will help fight bribery and bribery of officials, said Daniil Getmantsev.

Ukraine’s Verkhovna Rada has adopted a law on tax measures to further combat bribery of foreign officials in international business transactions. The authors of the document take into account the recommendations of the Council of the Organization for Economic Cooperation and Development (OECD). The head of the Tax Committee, Daniil Getmantsev, reported this on his Telegram channel on Wednesday, November 4.

The Committee finalized draft No. 10319 until the second reading. In particular, the proposals and amendments, namely:

  • extend the provisions of the bill establishing the tax consequences of accounting for expenses incurred for corrupt purposes to Ukrainian officials;

  • supplement the provisions of the Tax Code of Ukraine with a rule directly prohibiting the inclusion in expenses for tax purposes of expenses related to obtaining illegal benefits, as a general principle of tax law;

  • provide other additions aimed at ensuring the implementation of the OECD Council Recommendations on tax measures to further combat bribery of foreign public officials in international business transactions.

“The adoption of the law… will contribute to the further introduction of international standards and the fight against bribery and bribery of officials, and will also be the next step for Ukraine on the path to membership in the OECD,” said Getmantsev.

We remind you that an indictment was sent to the court against two representatives of the Sumy Regional Council, who in March of this year were caught offering and giving 100 thousand dollars of illegal benefits to the head of the military administration of city ​​of Sumy.

Make money from cherries: a deputy bought an apartment in the center of Kyiv for $200,000
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Source: korrespondent

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