Zelensky announces tax reform in the country

The President of Ukraine made a statement about his intention to carry out tax reform in the country.  Volodymyr Zelenskyy noted that the Cabinet of Ministers has already agreed on a package of measures aimed at supporting the national economy.  This is done in order to enable businesses to operate where it is permissible for security reasons.

The measures to be introduced are the abolition of VAT and income tax, the introduction of voluntary payment of a single tax, as well as the abolition of business inspections.

Instead of the abolished taxes, it is planned to introduce a two percent rate of turnover, as well as simplified accounting, as part of the reform.

Small business will get the right to voluntary payment of taxes.  This means that entrepreneurs, will be free to decide whether they can pay off their debts to the state or not, according to their capabilities. In the second case, as Zelensky noted, there will be no questions.

Earlier, the Government of the country received an instruction from the President to develop measures aimed at the return of small and medium-sized businesses.  It was necessary to present concrete steps to reduce the difficulties for entrepreneurs, to ease the pressure of the system on business.

Zelensky announced his intention to continue reforms in this area, RIA Novosti reports.