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community Initiative

Restoring Donbas

community Initiative OF OLEKSANDR KLYMENKO

Standardization of reporting on unified social tax and individual income tax

12:00 / 19 Dec. 2014 / 917

Standardization of reporting on unified social tax and individual income tax

This will significantly simplify tax reporting by reducing document flow and reducing time spent on paying taxes. Corresponding initiative was proposed by the Ministry of Revenue and Duties in January 2014 and subsequently received approving comments of the public and business. The new Government has actually frozen implementation of this reform, and has assigned it a marginal significance.

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