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Tax officials from 45 European countries to meet at IOTA General Assembly in Kyiv on June 29-30

Tax officials from 45 European countries to meet at IOTA General Assembly in Kyiv on June 29-30A session of the General Assembly of the Intra-European Organization of Tax Administrations (IOTA), uniting tax departments of European countries, will discuss in Kyiv on June 29-30 changes in tax policy in connection with the growing digitalization of the 21st century economy.

This is reported by Interfax-Ukraine.

Ukraine will chair the General Assembly of this organization for the first time in 20 years.

According to the State Fiscal Service, 45 delegations of all members of the organization are expected to attend the event, entitled "Disruptive Trends and New Business Models: Challenges and Implications for the 21st Century Tax Administration."

Roman Bychevy, head of the reforms office under the State Fiscal Service, said that the development of technologies and globalization led to emergence of new, hybrid or virtual business models, formation of start-ups in the "P2P" format on equal informal contractual terms and platforms for direct communication between buyers and sellers.

"Obviously, they also have to deal with many types of taxes, but the traditional taxation system is becoming inefficient under the new conditions, and tax administrations need to review their compliance strategies to ensure an equitable tax regime and the same conditions for both traditional and new businesses models," Bychevy said.

In addition, on June 28, Kyiv will also host a meeting of the executive board of IOTA, according to the organization's website.

The Intra-European Organisation of Tax Administrations (IOTA) is a non-profit intergovernmental organisation, which provides forum to assist its members to improve tax administration.

As reported, the head of the State Fiscal Service of Ukraine, Roman Nasirov, who was dismissed from his post in connection with the investigation of the National Anti-Corruption Bureau of Ukraine against him, was elected the IOTA president for a year in June 2016 at its previous general assembly in Bucharest.
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