The Rada recently passed one economic bill that met with IMF skepticism.

Wednesday, June 30, 2021

Starting September 1st, Ukrainians who have accumulated assets, but failed to pay taxes on them, can declare them voluntarily, pay a one-time fee and avoid punishment for tax evasion. For this one-year amnesty, the fee schedule is: 2.5% for government bonds, 5% for assets in Ukraine and 9% for assets held abroad. Goesta Ljungman, the IMF’s outgoing resident representative in Ukraine, told Interfax-Ukraine before the vote: “Tax amnesties often hurt tax collection in the long run because they discourage people from paying their future taxes by making them think there will be yet another future amnesty.”

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Timothy Ash writes from London:

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