Lower tax rates: proposed reform

In an interview for one of the domestic publications, the deputy head of the President’s Office noted the possible implementation of the tax reform according to the “10-10-10” format:

  • 10% – income tax;
  • 10% – personal income tax;
  • 10% – value added tax.

In addition to the mentioned changes, it is also proposed to abolish the SSC and establish a military levy of 3%.

At the same time, such liberalization processes are planned to be accompanied by the complete cancellation of all benefits, increased liability for violations of tax legislation, as well as the possibility of providing control bodies with access to information about individuals’ bank accounts.