A few dozen Austrian business representatives operating in Kyiv attended the event.

On August 9, 2023, a meeting took place between the State Tax Office in Kyiv, the Embassy of the Republic of Austria in Ukraine, and representatives of the Austrian business community in Ukraine.

One of the main issues was related to the problems with the registration of tax invoices, which have serious consequences for business. Simplification of administrative procedures is essential for company business processes optimization, development promotion and scaling.

The Austrian Business Breakfast was in a Q&A format, where each participant had the opportunity to ask the authority about the most disturbing tax questions.

Representatives of over than 20 Austrian businesses in Ukraine - Ukrainian enterprises registered in Kyiv, attended the meeting. The meeting was supported by the Ambassador of the Republic of Austria in Ukraine, Dr. Arad Benkö, and organized by the Trade Department of the Austrian Embassy - ADVANTAGE Austria.

"During the dialogue, the importance of applying the taxation norms outlined in the convention between the Republic of Austria and the government of Ukraine on the avoidance of double taxation and prevention of tax evasion was discussed. The main requirements for taxpayers when explaining economic transactions of business entities, for which the registration of tax invoices is suspended, were addressed as well," says Marina Tverdokhleb, head of the State Tax Office in Kyiv, ad-interim. "The dialogue between business representatives and the respective authority becomes a key factor in reducing tax risks and uncertainty for taxpayers. This contributes to increasing the trust of foreign investors, providing them with confidence in transparency, stability, and predictability when making investment decisions."

Dr. Arad Benkö, the Ambassador of the Republic of Austria to Ukraine, expressed gratitude to the State Tax Office in Kyiv for their professional approach to resolving tax issues for Austrian companies operating in Ukraine.

"The importance of efficient communication with the tax authority for foreign investors cannot be underrated. Today, representatives of Austrian investors noted a significant step towards facilitating the understanding of tax rules and regulations in Ukraine. This important step in the decision-making process for investing in Ukraine will help avoid misunderstandings and unexpected tax burdens in the future," says Audrius Stropus, CEO of AMIC UKRAINE.

It is important to understand that constructive communication with tax authorities has a decisive impact on creating a favorable investment climate that will contribute to sustainable growth and development of the country's economy.

Tax transparency and clarity of government agencies increase the trust of foreign investors, increasing interest in investments. Protecting the legitimate rights and interests of investors will not only increase the flow of private capital but will also enable Ukraine to integrate into the European community in the short run.