Tax reform in Ukraine should be accompanied by reform of tax agencies – World Bank
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.
Advertising
Advertising
MORE ABOUT
President's Office calls on world cultural figures to support Global Peace Summit
21:13, 01.05.2024
Ukrainian Institute for Future proposes new liberal tax reform '4 at 10'
20:05, 14.03.2024
Shmyhal on govt reform: We intend to reduce number of ministries by third
13:50, 04.03.2024
G7 ambassadors warn Ukrainian authorities against sabotaging reform of Economic Security Bureau
19:24, 21.02.2024
Reform matrix provides for updating State Strategy for Regional Development, State Regional Development Fund – Ministry of Finance
19:40, 20.02.2024
LATEST
Naftogaz Group receives UAH 23.1 bln net profit in 2023 against UAH 79.1 bln loss in 2022
12:52, 07.05.2024
After opening of sea exports, Metinvest increases workload of factories, directs efforts to retain teams – HR Director
20:17, 06.05.2024
Kamet Steel plant carrying out major overhaul of cable rack at coke chemical division for uninterrupted power supply
19:52, 06.05.2024
Business expectations in Ukrainian construction market in Q2 decrease by 1.1 pp – statistics
19:16, 06.05.2024
Four MPC members expect reduction of key policy rate to 11.5-12% by late 2024, remaining 7 expect fall to 13% – NBU