Canceled in this case will also be the obligation to calculate it by the subjects of taxation. Recall, today the report must be submitted by taxpayers annually by January 25.
These changes are proposed by the Ministry of Economic Development and Digitalization to the Tax Code. They are designed to reduce administrative costs and efforts incurred by businesses to comply with current legislation.
At the same time, companies that perform technical inspection of vehicles will keep records of those vehicles that have undergone periodic technical inspection and will provide the Public Services Agency with the information necessary to complete the State Register of Vehicles. The Agency, in turn, will provide the State Tax Service with access to the register data.
As explained in the note to the draft, the need to maintain such tax reports is not justified, given the existing method of tax administration. The approach proposed by the agency is more reasonable from the point of view of digitalization of business.
In the same context, it is proposed to supplement the Law on Accounting and Financial Reporting with a provision according to which it will be prohibited to execute more than one primary document for the same transactions, unless such an obligation is stipulated by other regulations or an agreement concluded between the parties. Such a provision cannot be economically justified as it would clutter the accounting process and increase the cost of completing and distributing this document.
However, experts say that a similar provision in our tax legislation already exists. And today one primary document is drawn up for one operation, except for cases specified in the law. Most often these are cases where goods are returned.
The new provisions are proposed to come into effect from June 1, 2025. The draft is proposed for public consultation.
