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Plans to replace Ukraine's corporate income tax system with a tax on withdrawn capital are expected to be pursued despite the appointment of a new president, Vladimir Zelensky.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.
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