Rada adopted the law on simplification of the tax system

Рада приняла закон об упрощении налоговой системы

The Verkhovna Rada Of Ukraine

The Parliament adopted the law on improving the investment climate.

The Verkhovna Rada adopted in the second reading and the whole act No. 5368 “On amendments to the Tax code of Ukraine (on improvement of investment climate in Ukraine)”. For a decision voted by 240 deputies.

In the explanatory note to the draft law stipulates that this initiative is aimed at improving the investment climate in Ukraine by simplifying the tax system, increasing transparency and quality of tax administration, the elimination of widespread schemes of evasion from taxation, elimination of inconsistencies.

This simplification of the tax system and improving transparency and quality of tax administration should create favorable conditions for attracting investment, the elimination of widespread schemes of evasion from taxation, which will increase the revenues of both state and local budgets.

The law provides for the introduction of a single public register of applications for refund of VAT under which the funds, subject to compensation, will be deposited in automatic mode. The document also provides the elimination of the tax police and creation of a new body, the Financial police, whose activities will be regulated by a separate law.

It is expected that the adoption and implementation of the proposed legislation would simplify conditions for doing business, reduce corruption risks in the administration of taxes and fees and elimination of inconsistencies.

Glad to see the state budget after midnight – paruby

We will remind, at the moment there is a meeting of the Verkhovna Rada, on which the second reading should be adopted the state budget for 2017.

The Budget Of Ukraine 2017

The budget of Ukraine adopted 2017: figures

Glad proceeded to consider the draft budget

Poroshenko and Yatsenyuk arrived in Parliament.

Glad to see the state budget after midnight – paruby

Parubiy prematurely closed the morning session of Parliament
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