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Taxes for Ukrainians with small salaries to be reduced

Source : 112 Ukraine

Differential tax system will be introduced in Ukraine
23:08, 23 December 2019

112 Agency

Ukraine plans to reduce the tax on personal income for Ukrainians who receive the smallest salaries. Serhiy Verlanov, the head of the State Tax Service stated this, the press service of the department reports.

The corresponding changes will be introduced as part of the 2020 tax reform. According to Verlanov, a differentiated tax system will be introduced in Ukraine.

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“Within the framework of the tax reform, initiated by the government and supported by the Verkhovna Rada, the issue of changing the tax rates on personal incomes would be considered. Everyone understands that the scale should be differentiated and tax pressure on small salaries should be reduced,” Verlanov said.

He also emphasized that in Ukraine, the tax burden is the average in the world, and the key is the issue of tax justice.

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"There are payers who do not pay taxes. Therefore, the tax burden is concentrated only on law-abiding companies and citizens. And our task is to ensure that we pay everything that will allow us to reduce taxes," Verlanov explained.

As we reported before, Ukraine’s Government adopted a decree on the creation of State Tax and State Customs services.

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