The Office of the President of Ukraine is discussing a radical tax reform in the country. First of all, the reform will involve a reduction in tax rates.
This was reported by the Deputy Head of the President’s Office, Rostislav Shurma interview edition of Forbes Ukraine.
According to him, there is no final decision on the reform yet, but a prospective model of the future tax system is being discussed.
“There is no final decision yet. But we are discussing a model called “10-10-10″: 10% income tax, 10% personal income tax and 10% VAT, as well as the abolition of the EUV and the military levy of 3%. However, at the same time – almost complete cancellation of all fields, increased liability for violations of tax legislation and such things as, for example, access to tax information about bank accounts to prevent tax evasion” – he confirmed.
In the words of Shurmi, the partial abolition of the possibility of VAT refund, which is provided for by the existing tax system, is also being discussed. The abolition of VAT is connected with the idea of introducing tax incentives for the development of the processing industry – within the framework of the implementation of such an idea, mechanisms for refunding VAT on raw materials may be abolished.
At this time, the state budget received 76 million dollars from the “Google tax” – VAT, which from 2022 must be paid to large multinational corporations for electronic services provided in Ukraine.
Meanwhile, on July 27, the parliament exempted Ukrainian farmers from paying visa duties on grain storage equipment.
And on June 21, the Verkhovna Rada approved the duty and VAT taxation on imported goods, as well as on the customs clearance of cars, which were canceled since the beginning of the war against Russia.
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