Abromavicius calls for abolishing tax benefits for all businesses

Ukraine’s Minister of Economic Development and Trade Aivaras Abromavicius calls for abolishment of tax benefits for all types of businesses and administrative units, including free economic zones and industrial parks.

!!!!!!!!!!!!!!!! UAA1 !!!!!!!!!!!!!!!

"We believe that no one should enjoy tax benefits. The period of benefits, privileges and the like is over. Until recently, we’ve had tax benefits for imports of energy-saving equipment. All kinds of goods, but the energy-saving equipment, were imported using this loophole," Abromavicius said while presenting the principles of Ukraine’s new economic strategy in Kyiv on July 10.

A common approach regarding tax benefits should be applied not only to certain types of businesses, but also to the free economic zones and the industrial parks, according to the minister.

!!!!!!!!!!!!!!!!!!!!!!!! UAA2 !!!!!!!!!!!!!!!!!!!!!