WHATS WRONG WITH UKRAINE: TAXATION “The tax laws are amended often and sometimes

WHATS WRONG WITH UKRAINE: TAXATION

“The tax laws are amended often and sometimes retrospectively. They are still characterized by lack of precise policy or explanation. A number of government bodies and different levels of the State tax authorities issue their own interpretations of tax legislation which may be contradictory. Many issues still remain open for clarification. All these factors lead to the risk of a different interpretation of tax legislation by the State tax authorities and taxpayers. A

major recent development was the adoption in December 2010 of a consolidated tax code that aims to simplify and update the taxation system.” – Chadbourne, Kiev

The justice department has had major reforms in 2010. And they’re intelligent reforms. The tax system had the same reforms. However, corruption is so rampant is difficult to determine how meaningful they are.