In 2015 Ukraine ranked 107th in Business Tax Burden Ranking among 189 economies. This is evidenced by the joint ranking of the World Bank and PwC, the Ministry of Finance reports.
Thus, Ukraine has risen by only one row (last year our country was at 108). According to the rating, Ukraine has appeared between Ghana and the Republic of Fiji.
The level of tax burden on profit model of the company (Total Tax Rate) amounted to 52.2%. The world average level of tax burden is of 40.8%.
According to authors of the rating, Russia was on the 47th place (TTR — 47%). Belarus took 63rd place (TTR — 51.8%), Uzbekistan – 115th (TTR — 41.1%), Georgia — 40th place (TTR — 16.4%), Moldova — 78th place (TTR — 40.2%), Armenia — 41st (TTR — 19.9%), Bulgaria – 88th (TTR — 27%).
Each year, the World Bank and the auditing company PwC in the framework of the Doing Business ranking are conducting a study of tax systems worldwide.
The rating takes into account the number of tax payments, time required for payment, and the total tax burden on the average enterprise not having tax privileges.
Fitch upgraded the long-term foreign currency IDR of Ukraine from RD to CCC.
