Ukraine has a 13 billion US dollar shortage in tax revenues, the country’s Ministry of Finance says. In 2016 the country collected 26.5 billion US dollars in taxes, much less than it should have done. According to the ministry, fiscal reform is needed to make the current system more transparent, corruption-free and more efficient.
For Ukraine the issue of a fiscal reform has been a priority since 2014. “Although there was no integral fiscal reform as such, numerous tax changes have been introduced in Ukraine since 2014,” Andriy Reun, head of tax at Evris, a law firm, tells Emerging Europe. “The …read more
Source: Emerging Europe