One of the ways of reforming the taxation system for value added tax (VAT) could be the transfer of large agricultural producers to the common taxation system, Ukrainian Prime Minister Arseniy Yatsenyuk has said.
“The first option is to leave as it is, but this is not working option, and the second option is to divide: large companies will be transferred to the common VAT taxation system and farmers and small companies will be left at the existing system, this is 10 percent to 90 percent – 90 percent will be left at the existing system,” the premier said at the All-Ukrainian Agrarian Forum III in Kyiv on Thursday, July 10.
Yatsenyuk said that in 2014, agricultural producers and the government should reach understanding in the issue of forming VAT.
“Some [agricultural producers] are crying: let’s leave the old VAT system. Of course, let’s leave, but these are billions of hryvnias which are laundered and those who need this money they don’t receive them,” the premier said.
