Improving tax legislation,
exchange of information between tax authorities as well as tax barriers in the
Eurasian Economic Union were discussed at a meeting of the Advisory Committee
on Tax Policy and Administration at the Eurasian Economic Commission.
The meeting was chaired by
Arman Khachatryan, Director of the EEC Financial Policy Department, at the
EEC’s headquarters. It was attended by the heads and experts of authorized
state authorities in charge of the Eurasian Economic Union’s tax policy issues.
The ways to implement the
objectives of the Strategic Directions for Developing the Eurasian Economic
Integration until 2025 were discussed.
The Union countries’ measures
and plans to implement the Agreement on the mechanism of traceability of goods
imported into the customs territory of the Eurasian Economic Union,
technological aspects, principles and approaches to creating and operating the
national traceability system were considered. The issue of determining the
procedure for collecting indirect taxes when rendering e-services was addressed
as well.
The Advisory Committee members
paid special attention to forming a mechanism for fiscal monitoring of the
trade turnover in the EAEU mutual trade being developed with due regard to the
use of new IT solutions. It is digital transformation of tax administration
that is the key to measures being taken by the countries to improve efficiency
of control over goods movement in the EAEU mutual trade as well as to simplify
procedures for confirming the zero VAT rate for exports.
Besides, the sides have
approved the basic model of the fiscal monitoring system, the draft Procedure
for electronic interaction between the EAEU Member States’ tax authorities for
the exchange of information, and details of significant fiscal information.
Along with that, the EEC
Financial Policy Department plans to draft an Instruction of the Commission’s
Council on conducting a pilot project "Fiscal monitoring of the trade
turnover in the EAEU mutual trade".
Furthermore, provision is made
for sharing experience on operating national electronic document flow systems
(considering possible use of the EAEU integrated digital platform) due to
accelerating digital transformation of the public and private sectors.
The annual review of tax law
changes affecting mutual trade considered at the meeting is planned to be
posted on the EEC website after further consideration and clarification by the
EAEU countries.
For reference
The Advisory Committee on Tax
Policy and Administration established by Decision No. 13 of the Eurasian
Economic Commission’s Board dated March 15, 2012 is the Commission’s advisory
body on tax policy, improving the mechanism for collecting taxes in mutual trade
in accordance with Section XVII of the Treaty on the Eurasian Economic Union
dated May 29, 2014.