Changes to Ukraine’s tax system should be consistent with Ukraine’s commitments to the International Monetary Fund (IMF), the German embassy to Ukraine has reported.

"We believe firmly that any changes to Ukraine’s tax system should be the result of honest and open discussion between the government, MPs and both Ukrainian and foreign businesses operating here. Any changes must be fiscally sustainable. Equally important, changes must be consistent with Ukraine’s commitments to the International Monetary Fund," the embassy said in a statement.

The embassy said that "any draft law under discussion in the Verkhovna Rada should take this into account."

"The current government has worked hard and constructively to meet its IMF obligations over the last year or so. We welcome this and stand ready to work with parliamentarians and the Government going forward to ensure that the programme stays on track and delivers ever greater stability and the conditions for growth," the embassy said.

"G7 Ambassadors in Kyiv welcome ongoing discussions on how to improve Ukraine’s tax system and its administration. This is in need of reform - to simplify procedures, to reduce corruption and to ensure that both companies and individuals fulfil their tax obligations. Without this, the current and future governments will lack the resources needed to invest in Ukraine’s future development and prosperity," reads the statement.