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Tax pressure on business in Ukraine will be significantly decreased

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The tax pressure on business will be significantly decreased in the near future. In particular, the VAT rate will be decreased from 20% to 17% soon, Ukrainian President Viktor Yanukovych has said.
At the same time, Yanukovych said that at present the economic situation does not permit the revision of the rates of taxes and fees, but they would be decreased in the future.

"Relativeto the taxburden, let's talk frankly: at present the economic situation does not allow us to revise the rates of taxes and fees, but we will do this soon," the president said.

The head of state said it was necessary to reform the banking sector, taking into account European experience and the recommendations of the G 20 countries.
Written by: Publisher Tuesday, 27 April 2010 13:10