Ukraine’s tax police to be liquidated within six months

Ukraine’s tax police to be liquidated within six months

The Verkhovna Rada of Ukraine has passed a law regulating the liquidation of the tax police and the transfer of its powers to the Bureau of Economic Security.

According to an Ukrinform correspondent, 259 MPs voted in favour of the bill.

Bill No.4090 “On Amendments to Final and Transitional Provisions of the Law of Ukraine ‘On Amendments to the Tax Code of Ukraine to Improve the Investment Climate in Ukraine” amends the final and transitional provisions of the law, stipulating that the powers of the tax police after its liquidation will be transferred to the Bureau of Economic Security.

The liquidation of the tax police should take place after the launch of the Bureau of Economic Security, but not later than in six months.

As reported, the Verkhovna Rada of Ukraine passed a law on establishment of the Bureau of Economic Security of Ukraine on January 28.

The law stipulates that the Bureau of Economic Security of Ukraine is a central body of executive power which is entrusted with the task of counteracting offenses that encroach on the functioning of the state economy. It is determined that the Bureau exercises its powers through the central office and territorial offices.

It is envisaged that the territorial offices of the Bureau are established and liquidated by the Government.

The powers of the Bureau are the following: the implementation of operational and investigative activities and pre-trial investigation within the statutory jurisdiction; conduct of informational and research and analytical informational activity in order to identify and eliminate the causes and conditions that contribute to the commission of criminal offenses under the jurisdiction of the Bureau of Economic Security of Ukraine.

The Bureau will also carry out informational interaction with the government authorities, local self-government bodies, judicial authorities, other government agencies, enterprises, institutions and organizations, competent bodies of foreign states and international organizations; collect, analyze information; carry out international cooperation with the competent authorities of foreign states.


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