Ukraine wants to implement a new tax reform “10-10-10”, but the IMF is skeptical about this.

The deputy head of the Office of the President of Ukraine, Rostyslav Shurma, continues to insist on the “10-10-10” tax reform. The new reform envisages a reduction of the value-added tax to 10% (it is currently 20%), personal income tax to 10% (now 18%), and corporate income tax to 10% (now 18%). According to Shurma, the work on the reform is actively ongoing, and it is planned to be implemented soon. However, it needs coordination with international partners, who are currently helping to close the budget deficit. The Ukrainian government intends to finalize the new reform by March and obtain a green light from the IMF and the Ukrainian Parliament. According to Shurma, the IMF is skeptical about this issue and does not want to understand all the difficulties with the infrastructure of tax optimization in Ukraine. However, according to Shurma, Ukraine will try to convince the IMF of the necessity of this reform in the first quarter of next year.