Preparation of requests for individual tax advice
Іndividual tax advice by the Ministry of Finance of Ukraine is one of the modern tools to minimize the risk of unduly recognition of business transactions in the accounting and reporting, if the current legislation allows ambiguous interpretation of the rules for such recognition.
A properly made request for an individual advice is a guarantee of a good and clear answer from the controlling authority.
In case of disagreement with the answer in such explanation, the company may appeal to the court as an ad hoc regulation that contradicts the rules or content of the relevant tax or duty. If the court annuls the order on approval of individual tax advice, this may be the basis for a new tax advice, taking into account the court’s opinion.
MGI PSP Audit experts constantly practice in sending requests to the Ministry of Finance of Ukraine in their current work and are always ready to assist in preparation of such requests and, if necessary, further appeal.