Business news from Ukraine

OFFICE OF LARGE TAXPAYERS ACCOUNTS FOR CUTTING TAX DEBT BY 33% SINCE EARLY 2018

23 March , 2018  

The Office of Large Taxpayers has reported on the reduction of tax debt by UAH 6.8 billion or 32.8% since early 2018, to UAH 13.9 billion as of March 1, 2018, the office has reported on its website.
“Since early 2018, the debt was cut thanks to an action plan implemented, as well as cooperation with the Individuals’ Deposit Guarantee Fund, while, for example, year-over-year the tax debt grew by UAH 3.3 billion,” the office said.
The major part of the debt is tax debts of bankrupts, banks under liquidation or enterprises in the military operations zone in Donbas, amounting to UAH 7.5 billion.
Some UAH 6.4 billion is the debt that could be collected, the office said.