Minister of Finance Natalie Jaresko met with members of European Business Association

8/3/15

On August 3, Minister of Finance of Ukraine Natalie Jaresko held a meeting with members of the European Business Association to discuss tax issues.

The Ministry of Finance is actively working to stabilize the financial system of Ukraine and to resume the economic growth of the country starting from 2016. As a part of these efforts, the Ministry of Finance is developing the draft of a tax reform which is aimed to significantly improve the investment climate in our country by lowering the taxes on salaries, simplifying the tax revenue management und securing a fairer distribution of the tax burden. The development of the tax reform draft was one of the key points discussed during the meeting of Natalie Jaresko and EBA-members.

During the meeting the Minister said that the Ukrainian government had managed to do a lot to stabilize the financial system of Ukraine. At the same time, one of the key tasks for the Ministry of Finance now is to elaborate the optimal model of the tax system of Ukraine.

«In coming weeks the Ministry of Finance is planning to present the draft of the tax reform to the public, the Government and the Parliament. We are now intensively working on it together with representatives of business associations, public, Ukrainian and international experts. We are currently evaluating the potential impact of various tax models on the economy and the budget of our country», Natalie Jaresko said.

During the meeting the Minister of Finance touched upon the key principles and objectives of the tax reform and emphasized the importance of active communication between the government and business. The Minister of Finance is open for all discussions, since joint efforts can help take into account the interests of all interested parties and find optimal solutions for the reforms.

"I am very grateful to all who engaged themselves in the open dialogue, and I invite everyone to participate in our discussions on the tax reform, because this is how the platform for permanent opinion exchange between the government and business is being established", the Minister of Finance finalized her speech.

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