EN|RU|UK
 World, Economics
  10760

 G7 Ambassadors make joint statement on Ukraine’s tax system reform

The Group of Seven countries' Ambassadors in Kyiv welcomed ongoing discussions on how to improve Ukraine’s tax system and its administration.

Censor.NET reports citing the official website of the British Government.

"We believe firmly that any changes to Ukraine's tax system should be the result of honest and open discussion between the government, MPs and both Ukrainian and foreign businesses operating here. Any changes must be fiscally sustainable. Equally important, changes must be consistent with Ukraine's commitments to the International Monetary Fund (IMF). In our view, any draft law under discussion in the Verkhovna Rada should take this into account," the statement reads.

Read more: Vice President Biden voiced conditions of US $1 bln loan for Ukraine

"The current government has worked hard and constructively to meet its IMF obligations over the last year or so. We welcome this and stand ready to work with parliamentarians and the Government going forward to ensure that the programme stays on track and delivers ever greater stability and the conditions for growth," G7 Ambassadors also noted.

It should be reminded that the Finance Ministry and the Verkhovna Rada deputies submitted their own versions of the tax reform. The Finance Ministry developed a more conservative project reducing the 2016 budget by 60 billion hryvnia, which has the support of the International Monetary Fund.

Read more: Ukraine paid $176 million external liabilities to IMF in September - National Bank
 
 
 
 up