Ukraine's PM vows to launch tax reform in spring of 2020 – media

Ukrainian Prime Minister Oleksiy Honcharuk says the new government will start tax reform in the spring of 2020, and the updated tax system will come into force on January 1, 2021.

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"We plan [to launch] a comprehensive reform of the tax system in the spring of next year since it is impossible to change the tax system in the second half of the [fiscal] year," he said, according to Finance.ua.

"This year we will devote to the 'renovation' of the administration so that the businesses will spend less time and money on counting," he added.

In the autumn of 2019, the government plans to "set the order in tax administration."

Honcharuk added the State Tax Service should be as efficient as possible. According to the official, now the tax system is not working in favor of bona fide taxpayers.

The minister said that when creating a new model of the tax system, the government would proceed from the fact that the whole country should be simplified. "Taxation should be so simple so that it is not a burden to anyone," the prime minister added.

The State Tax Service of Ukraine officially began operating on August 28, 2019, having replaced the State Fiscal Service.