The Ministry of Finance of Ukraine announced the rejection of the simplified tax system from July 1, 2023 at .

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The Ministry of Finance of Ukraine has issued a memorandum with the International Monetary Fund, announcing that the country has rejected the simplified taxation system from July 1, 2023.

According to the Memorandum, a bill “on the abolition of special provisions that allow taxpayers to use the simplified tax system, that is, the single tax rate of two percent, and the re-establishment of the pre-war regime for these taxpayers” will be submitted to Turkey. rada

The document also states that a bill on the return of tax audits of entrepreneurs and a program for the promotion of cash registers are planned to be submitted to Parliament.

It was noted that such measures are necessary due to the difficult economic situation and a significant budget deficit.

Previously reportedSince February 2022, Ukraine’s public debt has increased by 45% and is now approaching 80% of the country’s gross domestic product (GDP).

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