The Verkhovna Rada of Ukraine adopted the bill

The Verkhovna Rada of Ukraine adopted the bill "On Amendments to the Tax Code of Ukraine and Several Legislative Acts of Ukraine regarding Simplified Taxation System, Reporting and Accounting of Small Business Entities"

Published on 16 June 2011, at 14:15

The bill (Reg. No.8521) implements new principles of simplified taxation, financial accounting and reporting for subjects of small business. Namely, the individuals performing non-systemic sales are entitled to tax their income under the short-term license.

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