A “10-10-10” tax model is discussed in the president’s office.

 In an interview with Forbes, one of the high-ranking tax service employees said that the model of introducing a 10% income tax, 10% personal income tax, and 10% VAT is being discussed in circles close to the President of Ukraine. The tax reform will include a large-scale abolition of benefits and increased liability for violations of tax legislation. Provisions are made to provide access to tax services and information on bank accounts to prevent tax evasion. According to the president’s office, quick tax reform implementation is hindered by budget revenue uncertainty for the coming year. Currently, the budget is unbalanced. Ukraine covers 30% of its needs with its own revenue. The Office of the President believes that making a final decision on the matter  will take place in the next few months or half year.