Ukraine should improve its Doing Business rating

The Ministry of Revenue and Duties of Ukraine undertakes as highest measures as possible to combat the so called tax gaps, First Deputy Minister for Revenues & Duties Ihor Belous said at the meeting of the Verkhovna Rada’s Committee for Taxes and Customs, convened to tackle an issue of ensuring beneficial conditions to increase the inflows of foreign investments to Ukraine and raise the Ukraine’s Doing Business rating.

According to the Minister, the task forces have been created to analyze the aftermath of the budget gaps as well as check whether the department employees have been complicit in unlawful schemes. 

«We know those who used the said unlawful services as well as those who covered up criminal activities. Shortly after, the high profile cases which will reveal how fiscal officers applied unlawful tax credit and other fraud schemes will be made public», - Mr.Belous underlined.

The department chair cautioned the representatives of the entrepreneur circles against underground economy deals adding that «the said business is regarded to be criminal». The combat against crimes committed in the field of tax evasion is a top priority task of the Ministry of Revenue and Duties of Ukraine. 

«This is a transitory period. You know pretty well that we cannot make Switzerland out of Ukraine during only one day. We should get ready for hard tedious work and persistent efforts.  It is necessary to find the ways of further economic advancement to be agreed with the business. This means, particularly, the introduction of new norms and legislative regulations, ease of administration of some taxes», - Ihor Belous underscored.

He added that among the main steps to be undertaken nowadays by the Ministry of Revenue and Duties of Ukraine are to change the attitude of business owners to the work done by this government department and create the basis for a dialogue with the representatives of large, medium and small-sized businesses.

«70% of all taxes received are those deducted by the big business; that is why we should establish a good rapport with these companies first of all. Owing to the measures undertaken we have actually fulfilled the budget for March within only 12 working days», - Ihor Belous emphasized.