Wednesday, 3 September, 2014,00:14
Русская версия Українська версія for-ua.com English version
ForUm - самое цитируемое Интернет-издание. Главные новости Украины и мира. Home| News| One-line news| Articles| Interview| Gallery| Comments| Forum| Archive| Service| Search| About us
News / 24 January 2014 | 13:13
Revenue and Duties Ministry will not collect personal data on insurance clients

Revenue and Duties Ministry will not collect personal data on insurance clients


The Ministry of Revenue and Duties has proposed to include general data about insured individuals without revealing personal information in the insurer income tax declaration. Providing such data will indicate a transparent activity of insurance companies and will eliminate checks of controllers who are concerned about spread of shadow schemes on the market, the Information-Analytical Bulletin of the Cabinet of Ministers of Ukraine informs.

In particular, the ministry proposes to declare the number of customers in the insurance company, the due and paid premiums, etc. The revised draft order of the Ministry of Revenue and Duties "On approval of insurer’s income tax declaration format" posted on the Ministry’s website.

Such measures are taken to pre-empt the tax evasion/minimization schemes, as about 3 billion UAH were hidden from taxation through pseudo-insurance in 2013 alone. These results were revealed by scheduled inspections of 50 insurance companies in 2013. "The tax legislation is quite soft to insurance market players, creating several opportunities for unscrupulous employers who use insurance companies for tax evasion purposes. For example, the 2013 statistics show that less than half of the operating insurance companies paid 99% of the taxes. Thus, a logical question arises to the other half of the insurers about their activities," said Minister of Revenue and Duties Olexandr Klimenko. 

One of the most common tax evasion schemes is the so-called pseudo insurance.  The scheme envisions making reinsurance payments to the tax holes, companies that are eliminated by filing fictitious bankruptcy and declaring inaccurate taxation data.




ForUm
Версия для печати
Speaker meeting heads of diplomatic missions of EU countries
On February 3 in Kyiv, speaker of Ukrainian parliament Volodymyr Rybak held a meeting with heads of diplomatic missions of EU countries, accredited in Ukraine
Rada coordination board sitting
On February 3 in Kyiv, the coordination board of heads of parliamentary factions and committees held a sitting
NBU issuing commemorative coins dedicated to Olympic games
On February 3, the National Bank of Ukraine put into circulation two commemorative coins "XXII winter Olympic games" of value 10 and 2 hryvnias
Azarov saying good-bye to the Cabinet
On January 29, now acting Prime Minister Mykola Azarov and first vice PM Serhiy Arbuzov presided at a sitting of the acting Cabinet
VR holding extraordinary sitting
On January 28 the Verkhovna Rada of Ukraine held an extraordinary sitting
Protesters occupied Ukrainian House
On the night of January 25/26 protesters occupied the  building of the Ukrainian House in Yevropeiska square, previously vacated by law enforcements
09:49 February 6-7, Ukrainian President Viktor Yanukovych pays working visit to the Russian Federation

4 February 2014
14:57 Skier Valentyna Shevchenko will bear Ukrainian flag at the opening of Olympic Games in Sochi
14:15 Rivne Regional Council chairman Yuri Kichatyi voluntarily resigned 

Read all news →
Top    
Editorial staff:english@for-ua.com
Republication or redistribution of ForUm content, including by framing or similar means,
is allowed with the reference to en.for-ua.com only.
All rights are reserved by © LTD. Inter-Media, ForUm 2001-2014
bigmir)net TOP 100