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Ukraine to reduce number of taxes to 10 in 2014 - minister

KIEV, December 24, 23:54 /ITAR-TASS/. Ukraine plans to considerably reduce the number of taxes to not more than ten in 2014, Ukrainian Minister of Revenues and Duties Alexander Klimenko told a news conference on Tuesday.

“The discussion on this subject is still underway, but there is no doubt that the number of taxes will be reduced to nine or ten,” he said.

At the same time, he noted that Ukraine planned to increase tobacco and alcohol excise taxes in the coming year. But the final say on the matter is up to the parliament, which is to pass a relevant law, he added.

According to a survey of the World Bank, a Ukrainian taxpayer has to pay more than 20 taxes a year, which takes him or her an average of 490 hours. In all, the country has more than 100 taxes and duties.

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