Mykhailo Sokolov, the Executive Partner of Kesarev Consulting Ukraine, has become a co-author of the Draft Law of Ukraine No. 3357
"On Introducing Changes to the Tax Code of Ukraine on Tax Liberalization" in the part related to the electronic VAT administration system improvement.
"In case the Draft Law is adopted in its current version, it would make the tax credit generation and VAT reimbursement systems more transparent and predictable as well as eliminate most of corruption risks", – Mr. Sokolov commented. The Draft Law No. 3357 has been developed by a group of MPs and experts and submitted to the Parliament on October 26, 2015.
The document is aimed at overhaul of the tax system of Ukraine in order to create the liberal taxation model favoring development of business, decrease of the tax burden, simplification of tax administration procedures, including the VAT, and creation of predictable and stable tax legislation.