Ukrainian President Leonid KUCHMA has decided to veto the Law "On Amending Certain Laws of Ukraine on Taxation Issues in Connection with the Adoption of the Law of Ukraine 'On the State Budget of Ukraine for 2004'" (No. 4000-1).
as UNIAN was informed by the press secretary of the head of state, Olena HROMNYTSKA, he said this yesterday at a meeting on problematic issues of value added tax.
According to L. KUCHMA, there are more than enough grounds: the provisions of the law contradict four articles of the Constitution of Ukraine and the basic laws regulating relations in the relevant sphere.
At the same time, according to the report, the President proposed that separate bills be submitted on the most fundamental issues contained in this law that require immediate resolution.
At the same time, L. KUCHMA signed a decree on the introduction of a system of separate current accounts for value added tax settlements, which, in the opinion of the head of state, will make it possible to involve banking control in VAT administration.
as UNIAN reported, Law No. 4000-1 was supported by the Ministry of Finance, while the State Tax Service opposed it, believing that its introduction would lead to a loss of UAH 7 billion in budget revenues this year.