News

08.06.2016

The ninth session of the Advisory Committee on tax policy and administration under the EEC

Page ContentOn 8 June, Moscow will host the ninth session of the Advisory Committee on tax policy and administration under the EEC chaired by Member of the Board - Minister in charge of Economy and Finance of the Eurasian Economic Commission Timur Suleimenov The session will be attended by representatives of the tax authorities of the Eurasian Economic Union (EAEU). The agenda includes 14 issues. In particular, it is planned to consider the draft international legal acts in the field of direct and indirect taxation of the Member States. A number of the most problematic issues related to the payment of indirect taxes in mutual trade will also be considered: - on amendments and additions to the Protocol on the procedure of indirect taxes collection and control mechanism for their payment during the export and import of goods, execution of works, rendering of services in particular paragraphs 2, 4, 8, 21 (Appendix No. 18 to the Treaty on the EAEU); - on amendments and additions to the Protocol on the procedure of indirect taxes collection and control mechanism for their payment during the export and import of goods, execution of works and rendering of services in particular the possibility of providing exporters from the Republic of Armenia a zero VAT rate until the receipt from the importer of another EAEU Member State of a Statement on the import of goods and the payment of indirect taxes with a tax authority stamp of their State (Appendix No. 18 to the Treaty on the EAEU); - on amendments to the Protocol on the exchange of information electronically between the tax authorities of the Member States of the EAEU on the amount of indirect taxes paid from December 11, 2009 - on the indirect taxation on the import onto the territory of a Member State of goods, whose sales turnover (operations) are exempt from VAT (not subject to VAT taxation) on the territory of that state. Furthermore, in order to improve tax administration issues it is suggested to discuss the progress of the internal harmonisation of the draft Protocol on the exchange of information in electronic form between the tax authorities of the Member States of the Eurasian Economic Union. It is planned to consider the holding of the International tax Conference “Reforming tax relations in the countries of the Eurasian Economic Union. The development of self-regulation in the field of economics and finance” in Almaty in September of this year. Within the study of international experience on taxation issues in integration associations, it is expected that a timetable for the holding of seminars within the educational program for financial and tax authorities of the EAEU will be agreed upon. The educational program is organised by the EEC in conjunction with the Vienna University of Economics and Business.