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The Government has initiated amendments to the Tax Code of Ukraine to change the codes of types of business operations printer friendly RSS facebook
18.12.2012 | 14:46 | Minister's press service

The Government has initiated amendments to the Tax Code of Ukraine to change the codes of types of business operations. The relevant draft Law of Ukraine prepared by the Ministry of Economic Development has already been approved by the Cabinet of Ministers of Ukraine.

The draft law is aimed at bringing the rules and regulations contained in the Tax Code of Ukraine in line with the new codes of types of business operations.

The new Classifier of Types of Business Operations approved by the decree No. 457 issued by the State Committee for Consumer Standards on October 11, 2010. The said decree has amended the classification applicable to all types of business operations.

2012 has become a transitional year for codes of business operations, as both the new 2010 Classifier and the old 2005 Classifier were used concurrently.

Starting from January 2013, the types of business operations must be in line with the 2010 Classifier as the 2005 Classifier will become ineffective.

This draft law is crucial for continued development of such priority sectors of economy as agricultural machine building, ship building, aircraft engineering, agriculture etc.

The implementation of this draft law will prevent a legal conflict that can emerge in connection with termination of the 2005 National Classifier.

 


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