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Deputies proposed to abolish VAT

Deputies proposed to abolish VATIn Parliament there was registered a bill number 5401 “About the abolition in Ukraine the value added tax”.

The document proposes, in order to ensure the equality of all taxpayers under the law, from January 1, 2017 to cancel the value added tax in Ukraine.

The explanatory note to the bill states that the VAT is discriminatory and corrupt tax constraining the development of the consumer market, creating fiscal instability, corruption stimulating regulatory authorities, and the main tax brake in the development of the Ukrainian economy.