Finance Ministry to present bill on indirect methods of determining income in 2021 – Marchenko.

The Finance Ministry of Ukraine has initiated drafting a bill on indirect methods of determining income, the document may be submitted in 2021, Finance Minister Serhiy Marchenko told Interfax-Ukraine.

"We are not yet talking about indirect methods, since we are just about to start developing a bill," Marchenko said, adding that the document could 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 increase in the state of someone else," the Finance Minister said.

He said the introduction of indirect methods for identifying income was the main condition of the International Monetary Fund (IMF) regarding the launch of a voluntary income declaration system.

"Yes, the IMF had comments [regarding the law on voluntary declaration], in particular, regarding the application procedure. The main condition of the IMF is the use of indirect methods of control," Marchenko said.

Interfax-Ukraine

News about recent political developments in Ukraine, key Ukrainian economic news and major current events in the CIS and the rest of the world.

https://en.interfax.com.ua/

Related news
Ukraine, Germany continue energy efficiency cooperation - Bezus.

Ukraine, Germany continue energy efficiency cooperation - Bezus.

Ukraine and Germany continue the cooperation in implementing modern energy efficiency policy for sustainable development and improving the welfare of society, Valariy Bezus, Head of the State Agency on Energy Efficiency and Energy Saving of Ukrain...

UkrInform

North, South Korea test missiles amid rising tensions - DW News.

North, South Korea test missiles amid rising tensions - DW News.

North Korea on Wednesday fired two ballistic missiles into the sea, according to the South Korean military. Hours later, South Korea said President Moon Jae-in observed Seoul's first underwater-launched missile test on Wednesday afternoon. The Sou...

More than just her words, Amanda Gorman uses fashion to make bold statements: Part 3.

More than just her words, Amanda Gorman uses fashion to make bold statements: Part 3.

As a Black woman, Gorman said it was important to her to showcase her natural hair while on the national stage. Since then, she has stride into the fashion world, including co-chairing the Met Gala.

Amanda Gorman fell in love with writing while growing up in West Los Angeles: Part 2.

Amanda Gorman fell in love with writing while growing up in West Los Angeles: Part 2.

Famous for speaking in front of millions, Gorman said she overcame a childhood speech impediment and learned how to amplify her voice. In 2017, she was named the nation’s 1st youth Poet Laureate.

Amanda Gorman becomes an overnight success after inaugural poem: Part 1.

Amanda Gorman becomes an overnight success after inaugural poem: Part 1.

Gorman said she drew motivation from the Jan. 6 Capitol riots to write her renowned inaugural poem. Following her performance, the young writer stepped into the spotlight as a national icon.

Sky News Breakfast: A new day for a new Cabinet

Sky News Breakfast: A new day for a new Cabinet

On Sky News Breakfast on Thursday September 16: - Boris Johnson completes the line up to his new cabinet as new ministers begin day one in their new jobs; - the US, UK and Australia strike a deal to share submarine secrets, but at France's expense...

Amanda Gorman rises to stardom after reciting poem at presidential inauguration.

Amanda Gorman rises to stardom after reciting poem at presidential inauguration.

The first-ever National Youth Poet Laureate has become a cultural icon, appearing at the Super Bowl and in Vogue magazine and, most recently, becoming co-chair of the Met Gala.