The National Reforms Council will consider the draft on tax reform at a meeting on August 27.

This is according to the protocol of the council's meeting as of July 23, which was posted on its official website.

As reported, the Finance Ministry is developing a draft of the tax reform, which is to be presented by September and is scheduled to start come into effect on January 1, 2016.

Ukrainian President Petro Poroshenko called for the development of the tax reform to be accelerated at the prevision meeting of the council, adding that he was concerned over the pace of the preparation for tax reform and its synchronization with the budget process.