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Business opposes consideration of 'resource' bill under simplified procedure
KYIV. Sept 22 (Interfax-Ukraine) – Business representatives oppose consideration of the draft law on the balance of budgetary receipts (No. 5600, the "resource" bill) under the simplified procedure, the American Chamber of Commerce in Ukraine, the European Business Association (EBA) and the Union of Ukrainian Entrepreneurs said in statements on their websites.
The profile associations believe that the document needs to be returned for revision, since it does not take into account the position of the business, and a number of tax initiatives contained in the document do not contribute to the predictability of its work. At the same time, they draw attention to the fact that the text of the bill with the amendments introduced for the second reading has not yet been made public.
"It seems that in this way the MPs just want to hastily adopt the draft law so that the business community cannot offer its opinion. And according to business, certain rules in this draft law are unacceptable. For example, such rules related to ore and radiofrequency rents, or a loss carryforward were considered at the last moment. And now, even before the vote in the second reading, the fate of these rules is unknown. Does it look like predictability for business? Besides, according to preliminary information, the fourth taxpayers’ group for poultry farms was removed," EBA Executive Director Anna Derevyanko said.
"On September 23, the Verkhovna Rada of Ukraine plans to consider draft law No. 5600 on balancing budget revenues. The document aims at amending the Tax Code of Ukraine and six other laws. Despite its complexity and more than 11,000 amendments registered before the second reading, the Rada Committee on Finance, Taxation and Customs Policy considered the draft law without proper discussion and did not allow the business association to participate. And the Rada committee held only five meetings to prepare the document for the second reading," the EBA said.
"At the same time, the text of the revised draft law has not been made public yet, and its consideration at the plenary session is planned to be under the simplified procedure, which is not provided by the Rules of Procedure of the Verkhovna Rada of Ukraine," it said.
"The American Chamber of Commerce in Ukraine, the European Business Association and the Union of Ukrainian Entrepreneurs note the unacceptability of this approach. The draft law does not take into account the position of business, ignores the principles of stability and predictability of state policy and has a negative impact on conscientious taxpayers," the Ukrainian business representatives said in a statement.
