Danyliuk sums up outcome of talks with IMF, World Bank

Ukraine and Belgium have agreed to accelerate the process of eliminating double taxation between the two states, Ukrainian Finance Minister Oleksandr Danyliuk wrote on Facebook, summarizing the work of the Ukrainian delegation at the annual meetings of the International Monetary Fund (IMF) and the World Bank in Washington, DC.

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Danyliuk noted that tackling tax evasion and the need for an effective fiscal policy were determined as global challenges discussed at Washington meetings.

"There is a common understanding that it is necessary to fight corruption and tax evasion more actively, which is important to ensure stable budget revenues and the government's ability to maintain social standards and provide citizens with quality services. In the context of Ukraine, the comprehensive reform of the State Fiscal Service we are now introducing is extremely important, as well as a comprehensive review of agreements on avoidance of double taxation with other countries," the minister wrote.

Read alsoIMF confident in success of talks with Ukraine on next tranche – NBUAs UNIAN reported, the Ministry of Finance of Ukraine announced last year that it intends to hold negotiations on the revision of double taxation treaties with the Netherlands, Great Britain, Belgium, Switzerland and Austria.

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