Ukrainian Prime Minister Arseniy Yatseniuk at a meeting of the National Reforms Council expressed confidence that a single draft tax reform will be drawn up, taking into account the position of the Ukrainian president, and he said that the government is ready for a compromise to have the effective tax reform and the balanced budget.
Earlier to this Ukrainian President Petro Poroshenko has urged not to increase tax rates as a part of the tax reform and proposed that they are gradually reduced in next three years.
As reported, the Finance Ministry in its draft tax reform proposed the concept of setting 20% for all tax rates, foreseeing the slight increase in current profit tax and individuals income tax to 20%, and retain value added tax at 20% and cutting single social tax to 20%.
