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The Ministry of Finance is preparing to indirectly determine income

The Ministry of Finance will present a bill on indirect methods of determining income

The bill on indirect methods of determining income will be presented this year, the minister said.

The Ministry of Finance is developing a bill on indirect methods for determining income – the document can be submitted as early as 2021. About it stated Finance Minister Sergei Marchenko in an interview with Interfax-Ukraine on Wednesday, August 25.

“We are not yet talking about indirect methods, since we are just about to start developing a draft law,” Marchenko said, adding that the draft law may appear in 2021.

“We are supporters of this particular model. This is a debatable issue. Many do not support indirect methods for determining income, they are afraid of fiscal pressure, and something else. For me, this is a normal story – when the tax authorities can assess after declaring the growth of someone’s fortune”, – added the minister.

According to him, the introduction of indirect methods for identifying income was the main condition of the IMF regarding the launch of a voluntary income declaration system.

“Yes, the IMF had comments (regarding the law on voluntary declaration – ed.), In particular, regarding the application procedure. The main condition of the IMF is the use of indirect methods of control,” concluded Marchenko.

Recall that earlier the Ministry of Finance started talking about the extension of the IMF program… The stand-by program can be extended for six months after agreement with partners, says Marchenko.

Marchenko also said that IMF is not interested in tariffs in Ukraine… The finance minister explained what the fund’s reaction to changes in tariffs in Ukraine depends on.

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