Government excludes five countries from list of offshore zones

Government excludes five countries from list of offshore zones

Ukraine's Cabinet of Ministers has excluded Estonia, Latvia, Georgia, Malta and Hungary from the list of offshore countries.

Prime Minister Volodymyr Groysman said this at a government meeting on Wednesday, an Ukrinform correspondent reports.

"We constantly monitor the tax systems of different countries and formulate lists of requirements for Ukrainian companies regarding work with these countries," Groysman said.

He recalled that in particular, Estonia, Latvia, and Georgia had been included in the list of offshore countries.

"Our partners were worried about this issue. Since this issue is sensitive, we will decide to cancel these requirements for Estonia, Latvia, and Georgia," Groysman added.

Finance Minister Oleksandr Danyliuk, in turn, added that Estonia, Latvia, Georgia, Hungary, and Malta would be excluded from this list.


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