On 30 November 2015, Ukraine's Ministry of Finance published a draft law that would introduce a flat 20% rate for corporate income tax, individual income tax, value added tax (VAT) and social security contributions. The law would also abolish the 7% reduced VAT rate, increase the VAT registration threshold to UAH 2 million, and strengthen certain transfer pricing requirements.
The Ukrainian government has been considering a number of proposals for tax reform. It initially proposed a 20% flat…