President initiates acceleration of tax reform

President of Ukraine Petro Poroshenko sets the task to pass the amendments to the tax legislation and the state budget for 2016 before the New Year.

He noted that despite the fact that the tax and fiscal issues were not the President’s responsibility, he had to submit the issue of tax reform for consideration of the National Council of Reforms, the press service of the Head of State reports.

"The President has decided to act as a moderator in the debates over the tax reform issue between the Finance Ministry and the Parliament," reads the statement.

According to the President, the amendments to the tax legislation should meet three requirements and stimulate the economy, "The tax rates, administration, and transparency should significantly influence the investment climate."

By Ukrinform