Ukraine's cabinet plans to relax tax requirements to small businessmen, according to a posting on cabinet's Web site.
"Cabinet resolution No. 1,118, which regulates the issue of a simplified taxation system and freeing common tax payers from paying value added tax, was considered. Taking into account many requests from small businessmen, it was decided to postpone the resolution until April 1," reads the report.
According to the report, taxation issues were discussed at a meeting of First Vice Premier Oleksandr Turchynov with the finance and economy ministers and heads of the State Tax Administration of Ukraine and Council of Businessmen at the Ukrainian Cabinet.
The report says that Turchynov ordered the creation of a working group of the heads of ministries and government bodies to cooperate with heads of city councils and businessmen in agreeing the final wording of the draft law on local taxes and duties, concerning market duty and parking duty.
"In two weeks, the working group is to submit proposals agreed with all sides on the form and size of the above-mentioned duties," reads the report.
At the meeting, the participants decided not to collect tax on fixed assets acquired by citizens during the transfer from simplified taxation to common taxation.
The meeting participants also decided to withdraw a draft law on amendments to the law on tax on profit.
