Considering the ongoing discussion on the Tax policy for 2016 and the related tax administration issues, EBA has organized a meeting of the EBA members with the management of the State Tax Inspectorate of the RM.
The most important issues relating to the application of certain tax provisions and measures affecting the business have been addressed by the EBA Members during a business breakfast with the Deputy Chief of the Main State Tax Inspectorate, Mr. Iurii Lichii and the members of his team, that took place on 12 April 2016.
Key topics debated at the event related to the following areas:
- Settlement of VAT returns
- Electronic Register of tax invoices
- Fiscal treatment in case of capital injection aiming to cover negative net assets
- Clear delimitation of taxed incomes for non-resident persons
- Prudential provision according to NBM
- Deductibility of BBB (Bankers Blanket Bond) insurance for commercial banks
- Capitalization of external lending interest
- Taxation of non-commercial organizations
- VAT invoicing for non-commercial organizations
EBA Members shall elaborate the list of Tax Administration issues to be submitted to the Tax Inspectorate and meet additionally in a working format with relevant experts of the Tax Inspectorate to address them for their further resolution.