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The Ministry of Revenue and Duties offers to reduce VAT down to 9% from 17%, provided for in the Tax Code for 2014.
The offer is stated the draft law published on the Ministry’s website.
Additional «turnover» tax will be imposed on VAT payers at the rate of 1-2%.
As a result, budget revenues are expected to grow by 22 billion UAH.
In this case there are no costs incurred by state and local budgets, as well as entities.
Another proposal is to cancel VAT exemption regime.
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