Ukraine steps up fight against shadow economy, PM Koretskyi outlines priorities
The Cabinet of Ministers, together with lawmakers and the heads of law enforcement agencies, has identified priority measures to reduce the size of Ukraine’s shadow economy.
Ukrainian Prime Minister Sergii Koretskyi has outlined plans to combat the shadow economy during a recent meeting with government officials, parliament members, and heads of various security organizations. The initiative aims to eliminate illegal schemes, boost state revenue, and level the playing field for businesses that operate legally and pay taxes.
During the discussion, a significant focus was placed on improving oversight of humanitarian aid imports into Ukraine. Officials suspect that the term "humanitarian aid" may be used to conceal criminal activities. The Ministry of Social Policy, along with relevant government agencies, will draft amendments to existing regulations to address this concern.
Another key aspect of the plan involves introducing electronic contracts and invoices to formalize agreements and billing processes, as well as enabling automatic data exchange. The necessary legislative changes will be drafted to facilitate these initiatives. Each area has specific tasks, deadlines, and designated responsible parties, with progress reports to be submitted monthly.
Furthermore, the Bureau of Economic Security of Ukraine, in collaboration with the State Tax Service and the Main Service Center of the Ministry of Internal Affairs, has developed an analytical tool to identify tax evasion schemes related to the import and sale of cars. This tool will aid in the ongoing fight against the shadow economy in Ukraine.
Written by urgent.news from Ukrinform - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
