What is a white business club?

The Committee of the Verkhovna Rada on Finance, Tax and Customs Policy approved draft law No. 11084 as a basis, which provides for the creation of the so-called "white business club".

"If an entrepreneur meets simple and transparent criteria regarding the level of tax payment above the industry average and the salary level higher than the industry average, tax control in the form of audits is not carried out" - explains People's Deputy Yaroslav Zheleznyak.

Taxpayers included in the List will receive the following benefits:

• moratorium on documentary checks;

• shortening the terms of camera and documentary checks for the purpose of budget compensation - 5 calendar days;

• individual tax consultations within 5 calendar days;

• a compliance manager is assigned to the taxpayer, with whom the taxpayer will be able to interact, in particular, using means of remote communication, including via video conference;

• upon request, the taxpayer has the right within five days to receive information about the tax information available to the supervisory authority, which may indicate tax risks in the taxpayer's activities, as well as advice on how to eliminate such risks.