MOF / News

Ukraine is interested in cooperation with American investors - Oleksandr Klymenko

To attract U.S. investors in Ukraine will promote innovations in the tax and customs policy, which allowed to increase the position of our country in the World Bank Rating. As you know, Ukraine became the top reformer in the world last year by implementing reforms in 8 areas  of 10 evaluable rating. In particular, the experts noted a significant reduction in time to comply with tax obligations (for 101 h) and improving customs administration.

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World Bank: Business in Ukraine began to spend less time on taxes and export- import transactions

"We are systematically working to simplify procedures and time for payment of taxes. Reduced documentation, reducing reporting formalities accelerate the development of electronic services - all this allows the payer to save time and thus makes the working conditions of business in Ukraine more comfortable , "- said Oleksandr Klymenko - the Minister of Revenue and Duties of Ukraine.

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84% of customs declarations are issued electronically

In Ukraine the share of customs declarations processed electronically is increasing. In August 2013 their share was 84%. However, in January 2012 customs declarations electronically accounted for only 2% of the total volume of such documents. With the adoption of the new Customs Code and the inclusion of a number of amendments to the Tax Code of Ukraine, enactments of the Cabinet of Ministers of Ukraine and the National Bank of Ukraine, electronic declaration was the main form of communication business with customs.

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