Tax reform in Ukraine should be accompanied by reform of tax agencies – World Bank

14:09, 06.10.2015 1 min read

The tax reform plan proposed by the Finance Ministry of Ukraine should be accompanied by reform of the operation of tax agencies, Qimiao Fan, World Bank Country Director for Belarus, Moldova and Ukraine has said.

International experience shows that the tax reform is effective if the reform of tax administration is introduced synchronously, he said at a presentation of the World Bank's new Ukraine Macroeconomic Update in Kyiv on Monday.

He said that it is important to ensure stability of state payments on debts after the introduction of reform and avoid any extra burden on the pension system and problems with replenishing the pension fund.

Qimiao Fan said that the tax reform initiated by the government is a step in the right direction.

It is important that reform does not hinder business, but, on the contrary, help companies that keep to the letter of the law, he said.