President Zelenskiy strongly backs the 5% tax rate for ‘autonomous’ IT employees, a fraction of Ukraine’s standard 18% tax rate.

Tuesday, September 22, 2020
President Zelenskiy strongly backs the 5% tax rate for ‘autonomous’ IT employees, a fraction of Ukraine’s standard 18% tax rate.

President Zelenskiy strongly backs the 5% tax rate for ‘autonomous’ IT employees, a fraction of Ukraine’s standard 18% tax rate. “This industry is developing in the country not due to the state support, but due to the intelligence of Ukrainians,” he told IT executives in Lviv on Friday. “One of the steps that the state can take is not to increase the tax burden on this [IT] industry.” He said he sees IT as key to modernizing Ukraine: “Everyone is saying: ‘we need honest customs, honest law enforcement agencies, we need to overcome corruption.’ We all understand that the human factor is very difficult to fix. But digital and IT industry can do it.”

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
Want to escape the Oct. 25 local elections?

Want to escape the Oct. 25 local elections?

Next post
Retail sales surged over the summer, pulling the year-to-date level up 5.9% yoy in comparable prices.

Retail sales surged over the summer, pulling the year-to-date level up 5.9% yoy in comparable prices.

Previous Main Topics