"Tax policy in Ukraine is engaged in two fronts at once. On one front, very significant work has been done over the years on the gradual improvement and updating of the tax system; on the other, it questions essential tenets of the existing system, exploring fundamental changes to it," the statement said.
It emphasizes that Ukraine has made serious efforts to modernize the international aspects of the income tax, upgrading the regime to OECD standards. At the same time, the IMF warned against abolishing the Corporate Profit Tax and replacing it with the Exit Capital Tax.
As we reported earlier, Tymofiy Mylovanov, Adviser to the Head of the Office of the President of Ukraine, predicts that Ukraine will not be able to receive loan tranches from the IMF in 2020.
"This year, Ukraine does not have time to receive an IMF tranche," said the former economy minister.