New changes to Tax Code
New amendments to the Tax Code entered into force on September 3, 2018. Changes affect different areas of tax law, especially tax check-ups regulations and tax control as a whole. Due to these amendments companies obtain more rights when engaging with tax authorities.
We would like to draw your attention to the most important innovations which have already entered into force in September.
Duration of VAT desk check-up decreased from 3 to 2 months.
No repeated submission of documents.
If the tax office requests documents which have been already provided to tax authorities, it’s no longer required to provide them again. It is necessary to inform tax office that required documents have already been submitted and to point out requisites of the covering document during 10 days.
- Copy of witness examination record is necessary.
Now tax officers must serve copy of interview record to the witness. If your company’s employees were called as witnesses, ask them to take copy of their interview record. It will help you to be better prepared for dispute with tax authorities.
- New term for submission of information regarding deals.
Tax offices are authorized to request information or documents regarding certain deal without tax check-up. Term for submission of such documents extends from 5 to 10 working days.
Several changes will also be enforced on January 1, 2019.
- The taxation of companies’ movable property is abolished.
Corporate property tax will be imposed only on real estate.
- Tax authorities will be granted access to audit secrets.
Tax authorities are now empowered to request documents and information regarding company’s calculation and payment of taxes, fees and insurance charges from auditors.