Head of the International Monetary Fund mission in Ukraine Nikolay Georgiev and IMF Resident Representative in Ukraine Jerome Vacher stood for the necessity to delay reduction of VAT rate to 17 % and income tax rate to 16% since 2014, which is stipulated by the Tax Code of Ukraine
Vitalii Khomutynnik, Chairman of the Committee on Taxation and Customs Policy, noted that in case such proposals are received from the Government, the Committee is ready to consider them in view of complicated prognosis for the revenue part of budgets for 2014. The people’s deputy did not exclude the possibility that a similar bill might be upheld by the majority of deputies.
Participants of the meeting discussed several other issues pertaining to VAT refund, use of treasury bills and possible increase of excise tax, etc.