In particular, the mentioned Law amends paragraph 2 of Section 259 of the Code of Laws on Labor of Ukraine and paragraph 2 of part 2 of Section 11 of the Ukrainian Law “On the State Tax Service” and provides the tax authorities with the powers to supervise observance of the labor legislation in companies, bodies and organizations regardless of their property forms with view to inspect the tax law compliance.

The Law No. 2275 extends the list of functions to be performed by the state tax authorities in regional inspections or unified interregional inspections according to Section 10 of the Ukrainian Law “On the State Tax Service”. After the Law No. 2275 entered into force, the tax inspectors are entitled to conduct extraordinary tax inspections of a taxpayer with no prior notification of the latter, if the tax police is informed about tax evasion by such taxpayer. The amendments into the Ukrainian Law “On the State Tax Service” introduced by the Law No. 2275 prescribe that the decision on tax inspection to be conducted is presented to a taxpayer in writing right before the beginning of the said inspection.

The Law No. 2275 increased the periods of all the tax inspections. Now, the inspection may last 30 working days (20 days initially). In general, all the terms are twice as long now.

Besides, the tax authorities are now entitled to get information, documents and materials about labor wages and salaries from the companies as well as visit companies during the work hours of their hired employees. In fact, they can do this regardless of the inspection of a taxpayer.

Moreover, please note that the Law No. 2275 prohibits sale of used vehicles at the commodity exchanges because of a ban in the Law to indicate the mentioned vehicles as objects in the sense of a stock-exchange agreement.

Finally, Law No. 2275 changed Ukrainian Laws “On Value Added Tax”, “On Corporate Income Tax”, “On Taxation System” as well as increased the excise duty rates on all excise goods, such as alcohol drinks, cigarettes, gasoline and diesel power.