Cover IMF Staff Country Reports
Buy Book in Print
Ukraine: Technical Assistance Report-Reducing Social Security Contributions and Improving the Corporate and Small Business Tax System
Author:
International Monetary Fund. Fiscal Affairs Dept.
Search for other papers by International Monetary Fund. Fiscal Affairs Dept. in
Current site
Google Scholar Close
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2016: Issue 025
Language:
English
Publication Date:
08 Feb 2016
DOI:
https://doi.org/10.5089/9781498315906.002
ISBN:
9781498315906
ISSN:
1934-7685
Pages:
85
Keywords:
ISCR; CR; excise tax; SSC rate; tax burden; single tax; tax rate; low income; flat rate; reduction coefficient; SSC revenue; ST regime; retail price; Income; Excises; Personal income tax; Value-added tax; Eastern Europe
Download PDF (5.7 MB) Download Epub
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.
  • Collapse
  • Expand
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund