They want to defeat corruption and create favorable and equal conditions for all companies doing business with the help of tax reform in Ukraine.
The Office of the President expects to initiate a new tax reform that will reduce the VAT rate, income tax and personal income tax (PIT) to 10% in 2023. This was expressed by Rostislav Shurma, Deputy Head of the Presidential Office.
According to him, work on the tax reform bill is almost completed, after the agreement with the International Monetary Fund (IMF), the document will be submitted to the Verkhovna Rada.
“I can assure everyone that we will not let this story go. Tax reform is a fundamental, right thing and will certainly be implemented this year,” said Rostislav Shurma.
He believes that with the help of the reform corruption in the tax field will be eliminated and the conditions for doing business will be the same for all companies.
“There are a lot of business people who pay their salaries in envelopes. I understand how difficult it is to compete with those who pay in envelopes because they save 40 percent in taxes. Our reform will change that and put everyone on an equal footing.” , – added the Vice President of the Presidency.
In addition to tax reform, Ukraine will simplify the transfer of agricultural land for industrial, energy, logistics or construction facilities. Authorities also want to compel the oblenergos to provide free capacities to connect new industrial facilities, thus eliminating the practice of bribery.
“10 to 10” tax reform: what’s known
In August 2022, media reported that the President’s Office came up with an idea for a new tax reform concept that would include lowering VAT, income tax and personal income tax (PIT) rates to 10%.
In addition, the reform includes at some stage abolishing ERUs, increasing military fees from 1.5% to 3%, and switching from income tax to a tax on withdrawn capital. we talked about it Focus In his article: “Taxes have been cancelled. How will the “All 10” tax reform help business and government?
Earlier, Daniil Getmantsev, head of the Verkhovna Rada committee on finance, tax and customs policy, said that this reform was unnecessary. He noted that the ideologists of the “All for 10” reform did not have a clear argument about the relevance of their ideas.
The implementation of the tax reform was also not supported by the Central Bank of Ukraine. In particular, on December 16, 2022, they said: “The introduction of a radical tax reform, which brings about a sharp reduction in tax rates, creates risks of lowering tax revenues and, accordingly, an increase in the state budget deficit.”
same Focus He said that in 2023 they will reshape the work of the state tax service (STS) in Ukraine and launch the concept of “Tax on a smartphone”. In particular, the authorities plan to expand the functionality of the payer’s electronic account and add new tax rules.
Source: Focus
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