De-shadowing to influence tax revenues growth most – Head of Ukraine`s Tax Service

Head of Ukraine`s Tax Service Roman Nasirov has noted that tax revenues are expected to rise to UAH 50-70 billion compared with the previous year.

”This year, budget revenues will be higher by UAH 120-130 billion as compared to last year. This year we are on the same tax base,” said Head of the State Fiscal Service Roman Nasirov said during the signing of a memorandum of partnership and cooperation between the Association of Taxpayers of Ukraine and the Republican Confederation of Entrepreneurship of Belarus.

Nasirov noted that the increase in tax revenues compared with last year is expected to reach UAH 50-70 billion.

”Some effect is provided by inflation, a strong influence is given by de-shadowing, tax administration, and increased profitability – these are the main sources of growth,” he said.

As UNIAN reported earlier, the Cabinet of Ministers of Ukraine published a draft state budget of Ukraine for 2017, with a deficit limit at UAH 77.547 billion. According to the document, the state budget revenues are set in the amount of UAH 706.269 billion, while the expenditures are at UAH 775.265 billion.

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