On 3 September 2015, Ukraine's Minister of Finance Natalie Jaresko proposed a flat 20% tax rate for corporate income tax, individual income tax and value added tax (VAT) to the National Council of Reform. Currently, the corporate tax rate is 18%, individual tax rates are 15% and 20%, and the standard VAT rate is 20% with a reduced rate of 7%. The proposal also includes measures to:

• Replace the…