President of Ukraine Viktor Yushchenko suggest toughening responsibility for “fictitious VAT turnover”. He said at the meeting on observance of the state budget in the tax administration.

President insists on criminal responsibility for fictitious VAT turnover schemes, which help to steal about 4 billion UAH form the state budget

“Tax payments are smaller than compensation…I am sure that some criminal models are involved,” the president said.

He called the tax administration jointly with customs service and Treasury to form an interim coordination council, which will work out new methods to provide “normal relations in this sphere.”


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