Ukrainian government targets shadow economy to boost state budget revenue
1 report, 1 independent
Updated Wed 00:00
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What happened
Ukrainian Prime Minister Serhiy Koretsky announced priority measures aimed at reducing the shadow economy and securing state budget revenue. These actions include combating illegal tobacco production and circulation, taxing electronic cigarettes, and fighting smuggling and tax evasion schemes. The government will also prepare legislative amendments to strengthen controls over the import of humanitarian aid.
From interfax.com.ua
Why it matters
The government aims to prevent illegal schemes and ensure a level playing field for businesses that operate legally and pay taxes. These efforts include formalizing agreements through the introduction of electronic contracts and invoices.
From interfax.com.ua
Who's involved
- Ministry of Social PolicyWill prepare necessary amendments regarding controls over humanitarian aid
- Fatmir LimaniIs currently in the process of leaving his role at the Ministry of Social Policy
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The entities involved
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Ministry of Social Policy
ministry in Ukraine
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