During the six months, UAH 133 billion was withdrawn from Ukraine to countries with preferential tax, – Klymenko
During the six months of 2014, UAH 133 billion was withdrawn from Ukraine to countries with preferential tax. It is UAH 19.7 billion more than in the second half of 2013. Ukrainian budget risks to receive less incomes in the amount of UAH 2.6 billion. Oleksandr Klymenko – ex-minister of Revenue and Duties – wrote about in on his official Facebook page.
“Instead of implementing new taxes, it is necessary to give the law on transfer pricing green light. This law will help to charge the taxes, which should have been transferred to the budget by big business. However, nowadays, it is settled in Cyprus, Switzerland and other countries with a mild tax climate, “- said the ex-minister.
According to Klymenko, during the 2013, UAH 8.9 billion has been paid by large Ukrainian taxpayers to the non-residents registered in Cyprus. Last year, Austrian shareholders obtained another UAH 5.7 billion, UAH 1.2 billion went to the Netherlands, UAH 168 million – to Switzerland. At the same time, the ex-minister emphasizes that after the sequestration of the budget in March, the Ukrainian budget revenues from individuals for the whole 2014 were predicted at the level of UAH 7.96 billion. It is less than Cypriot shareholders obtained dividends from Ukraine during last year.
Oleksandr Klymenko also paid attention to the fact that the statistics has not changed this year. According to him, in 2014 75% of all export operations were carried out by Ukrainian business via indirect contracts with countries, where the preferential tax system exists. The volume of export operations through the countries with preferential tax system has already reached UAH 133 billion for the first half of the year.
At the same time, there is a significant increase in exports to countries with a closed exchange of tax information: Switzerland (+ UAH 20.8 billion), Cyprus (+ UAH 2.4 billion), the UAE (+UAH 2.8), Luxembourg (+ UAH 0,8 billion).
Former minister of Revenue and Duties believes that Ukrainian budget risks receive less incomes (by UAH 2,6 billion) due to the transfer of point of profitability from Ukraine to the countries with preferential taxation system.
“Let me remind you that the government expects to receive about UAH 2.9 billion (nearly the same amount) via “military fee”, – he says. – In addition, the government intends to extend the” military fee” – 1.5% of the income of individuals – on a year. Accountants are shocked: they still do not know how to pay tax (which was not renewed), because the program 1:C has no such function and the State Fiscal Service spins out the explanation”.
At the same time, in his opinion, there is no sense to complicate the lives of accountants: according to his forecast, revenue from the “military fee” will be ten times less than the government expects for. “In fact, this is an additional tax on the salaries of ordinary Ukrainians. However, multibillion dividends of shareholders (both national and non-residents) do not fall under it. Why is it necessary to introduce a new tax on the income of ordinary citizens, if it is possible to give the law on transfer pricing green light, which was adopted last year? It would allow to charge the taxes, which should have been transferred to the budget by big business. However, nowadays, it is settled in Cyprus, Switzerland and other countries with a mild tax climate,”- said the ex-minister. «The “treasure”, which can fill the state budget smoothly for ordinary citizens, is «buried» in the control over transfer pricing, not in «military fee». However, the government prefers not to see this “treasure”».
Oleksandr Klymenko headed the State Tax Service of Ukraine in 2011-2012. He was a Minister of revenues and duties of Ukraine during 2012-2014.
Link to source: Bigmir)net