Poroshenko invites business to discuss new model of profit taxation

Poroshenko invites business to discuss new model of profit taxation

Ukrinform
President of Ukraine Petro Poroshenko has invited business representatives to discuss a new model of profit taxation in Ukraine - the taxation of the company's distributed profit, the president’s press service reports.

"Honest discussion on this issue with our foreign partners and business associations is needed. It's not just about taxes. It’s a new philosophy. The bill will protect small and medium business,” said Poroshenko and assured that there would be supporters of such a bill.

Poroshenko also stressed that he is ready to compromise on this issue.

"At the first stage, it will concern only small and medium business; we should find compromises over foreign investors. And at present it 100% [works] in many countries, including Georgia, Estonia, where it has worked fine," he said.

He also added that such a new tax policy will fundamentally change the investment climate in Ukraine.

iy


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2019 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-