D. A. Getmantsev, Chairman of the relevant parliamentary committee, member of the parliament from “Servant of the People” PP, mentioned the main provisions of the planned tax reform in Ukraine. Among them are:
- reduction of the tax burden in 2020 (reduction of tax rates on personal income tax and social security tax) on the wage fund,
- the introduction of an obligation for the state to pay the taxpayer compensation for illegal actions of the tax authorities,
- the creation of the Appeal Board under the Ministry of Finance, the Ministry of Economy or the State Regulatory Service,
- the introduction of BEPS and transfer pricing reporting since 2021,
- the introduction of reporting for controlled foreign companies and the authority, on the initiative of the tax authorities, to register CFCs and accrue tax liabilities, from 2021,
- the introduction of tax on withdrawn capital from 2021,
- exclusion of legal entities from the single taxpayers,
- in the long term, the introduction of universal declaration of individuals.