Ukraine's President Petro Poroshenko has reportedly vetoed a law adopted by parliament in May 2015 that would have increased the upper individual income tax bracket threshold from 10 minimum salaries to 17 minimum salaries. Currently 1 minimum salary is equal to UAH 1,218, although this will increase to UAH 1,378 from 1 December 2015.

The law would have also extended the 0.4 coefficient used t…