Olga Bogdanova, Deputy Chairman of UAC for Tax Policy, spoke during the XII International Congress "Profitable Pig Production" about the reasons for blocking tax invoices of agricultural enterprises and how to avoid it.
“Within the framework of UAC, AMP and AUPB, we are implementing a joint project with the State Tax Service of Ukraine, during which we are trying to understand the real reasons for blocking tax invoices. Moreover, one of the main - if the owner of the farm is engaged in VAT optimization. That is, either he buys certain costs "on paper", or as part of the costs - 80% is, for example, fuel and it is clear that this amount cannot be used in this farm. Therefore, such farms will be blocked and they will be assigned the status of risky," Olga Bohdanova explained.
However, there may be cases of blocking in those companies that operate transparently. Especially in small businesses. Large companies are virtually safe from blocking, as they have high tax burdens, technical and human resources.
"If you blocked the tax invoice, you need to submit a table of the taxpayer and show the fiscal authority that you are a producer. You buy feed, fuel, fertilizers, and sell meat. If such a table is submitted and accepted, there will be no blocking. In addition, in order to accept it, you need to provide a very high quality explanation and reporting. They need to confirm that you are a producer and have been on the market for a long time. That everything you buy you spend in the framework of business activity,"- the Deputy Chairman of UAC said.
Friday, 9 October 2020