Ukraine: Technical Assistance Report-Reducing Social Security Contributions and Improving the Corporate and Small Business Tax System

February 8, 2016

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Format: Chicago

Ukraine: Technical Assistance Report-Reducing Social Security Contributions and Improving the Corporate and Small Business Tax System, (USA: International Monetary Fund, 2016) accessed November 21, 2024

Summary

This paper discusses four key issues, which are closely connected, on tax policy in Ukraine. These issues are social security contribution (SSC), the simplified tax regime for small taxpayers, the corporate profit tax, and excise tax. Ukraine's SSC rates are very high, which are associated with an oversized informal sector that erodes the tax base, while the simplified tax regime for small taxpayers provides inordinate benefits that weaken the tax system and is prone to abuse. Corporate profit tax revenue has declined to its lowest level since 2006 and is now well below the regional average. Excise taxes have become an important revenue source, but remain low by international standards.

Subject: Excises, Income, National accounts, Personal income tax, Revenue administration, Taxes, Value-added tax

Keywords: CR, Eastern Europe, Excise tax, Excises, Flat rate, Income, ISCR, Low income, Personal income tax, Reduction coefficient, Retail price, Single tax, SSC rate, SSC revenue, ST regime, Tax burden, Tax rate, Value-added tax

Publication Details

Pages:

85
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/025
Stock No:

1UKREA2016001
ISBN:

9781498315906
ISSN:

1934-7685

Notes

Also Available in Ukrainian

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