Association of Ukrainian Cities supports moratorium on VAT for individual entrepreneurs

Association of Ukrainian Cities supports Tymoshenko's draft law on VAT moratorium for private entrepreneurs

The Association of Ukrainian Cities (AUC) supported the draft law of the party leader «Yulia Tymoshenko's Batkivshchyna, which provides for the introduction of a moratorium on VAT for individual entrepreneurs.

This was reported by the AUC following an appeal to the President, the Government and the Verkhovna Rada.

Position of the Association of Ukrainian Cities

The AUC called not to introduce 20% value added tax for individual entrepreneurs, The decision will have negative consequences for the economy of the communities.

According to the EBA, the VAT for small businesses will lead to:

• shadowing of business activities;

• job cuts;

• Reduced revenues to local budgets;

• Weakening the financial capacity of communities.

Support for the draft law No. 14295

In addition, the Association of Ukrainian Cities supported the draft law of the Batkivshchyna faction« №14295, which provides for a moratorium on the introduction of any new taxes for small businesses.

The document states that it is necessary to maintain stable tax conditions for individual entrepreneurs in the face of war and economic instability.

Statement by Yulia Tymoshenko

Yulia Tymoshenko thanked the representatives of the Association of Ukrainian Cities for their support and principled position.

She emphasised that uniting the efforts of the parliament, local governments and the business community is critical to protecting small businesses, which remain the backbone of the country's economy in times of war.

Context.

We would like to remind you that it was the team Yulia Tymoshenko initiated the introduction of a simplified taxation system for individual entrepreneurs.

Currently, Tymoshenko, together with the national movement #Save PSTN has started collecting signatures for a petition to the President of Ukraine. For this purpose, we created a separate online platform pdv-fop.net, She said that the petition had already been blocked twice on the official website of the president.