Ukraine's New President Favors Corporate Tax Reform
by Mary Swire, Tax-News.com, Hong Kong
29 April 2019
Plans to replace Ukraine's corporate income tax system with a tax on withdrawn capital are expected to be pursued despite the appointment of a new president, Vladimir Zelensky.
Zelensky, a TV comedian who won more than 70 percent of the votes in the April 21 election, has said he supports the outgoing president's corporate tax reform plans, intended to encourage companies to invest in growing their businesses in Ukraine.
According to local media reports, Zelensky also favors introducing a capital amnesty, with previously undisclosed income not subject to tax to be subject to a five percent rate.
He has also reportedly voiced support for a one-year tax holiday for start-ups.
To see today's news, click here.
Tax-News Reviews
A review and forecast of Cyprus's international business, legal and investment climate.
A review and forecast of Malta's international business, legal and investment climate.
A review and forecast of Jersey's international business, legal and investment climate.
A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »
Network Blogs and Features
- How will Irish Businesses with UK ownership be affected by the Brexit Transition Period »
- Starting a Business in Arizona - Guide »
- Will you be my (tax) valentine? »
- EU Throws Weight Around On Compliance, Trade »
- The Digital Tax Binary Dominates »
- Starting a Business in Hong Kong in 2020 - All You Need to Know »
- Ireland Succumbs To Election Fever... »
- Reforms Continue Apace, Offshore Centers Muscle In... »
- Festive Break? Not so much... »
- How to start a business in Wyoming? »