During the discussion of the Draft Resolution, the Committee Chairman Serhiy Teriokhyn stated that the Cabinet of Ministers Activities Program "Ukrainian Breakthrough: for People, not Politicians" aims at further reforms in Ukrainian tax system through enhancement of tax legislation in order to secure stable and efficient tax policy. It is envisaged to create adequate sources for satisfaction of financial needs of the local self-government bodies, make commercial manufacturing activity official, restore reliance of business upon authority, and improve tax and duties (compulsory payments) administration.
Reforming Ukrainian tax system is a durable process that requires stable and consistent economic policy. Therefore, the Strategy of Ukrainian Tax System Reforming is to be ratified and formed in accordance with legislation which will secure the following: gradual reduction of tax load; curtailment of tax benefits; unification of tax legislative regulations; reforming functions and structure of the State Tax Administration due to international requirements and standards etc.
The Cabinet of Ministers of Ukraine is to develop and approve the Strategy of Ukrainian Tax System Reforming and elaborate proposals regarding amendments to the tax legislation that will envisage extended taxation basis, more fair allocation of tax load by establishment of real estate tax after introduction of the single State register of titles to real estate, establishment of a common single social payment that envisages gradual reduction of payroll tax etc.
Moreover, the Government is to conclude elaboration of the Draft Tax Code of Ukraine with consideration of the results of general public discussion, expert analysis and the fact that its regulations come into force pursuant to the Strategy of Ukrainian Tax System Reforming. The officials believe that adoption of the Draft Resolution will create single legal environment for economic entities and stipulate conditions for further integration of Ukraine into world community, coordination of Ukrainian tax legislation with legislation of European Union and World Trade Organization.
To specify the Program, the Committee members passed a resolution to recommend that the Cabinet of Ministers of Ukraine takes into consideration remarks and proposals of the People´s Deputies of Ukraine whilst elaborating annual actions regarding Program´s implementation.