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Raising VAT: Most Effective Potential Source of Additional Revenue – IMF’s Unchanging Position

  • Increasing VAT is seen as the most effective potential source of additional revenue
  • No specific timeline mentioned in the updated version of the IMF Memorandum
  • Willingness to implement further tax measures if necessary
  • Promise to abandon existing preferential tax regimes
  • Reform of the simplified taxation system is ongoing
  • Gradual limitation of the use of the simplified taxation system by the authorities

Source: news.dtkt.ua

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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