ONE OF THE MAIN REFORM OBJECTIVES OF THE NEW GOVERNMENT IS TO IMPROVE BUSINESS ENVIRONMENT DPM SERHIY TIHIPKO TELLS MEMBERS OF THE U.S.-UKRAINE BUSINESS COUNCIL (USUBC)

Strong (Silna) Ukraine Press Service, Kyiv, Ukraine, Tue, 27 July 2010

KYIV - One of the main reform objectives for the new government is to improve the business environment in Ukraine, Vice Prime Minister Serhiy Tihipko said today during a meeting with major corporate representatives of the U.S.-Ukraine Business Council [USUBC], whose members include some of the largest American companies operating in Ukraine.

“The government understands that only by renewing investment can we speed up the economic recovery. That’s why government officials of all levels must provide investors with the necessary administrative and consultative support,” said the Vice Prime Minister.

AUTOMATIC REIMBURSEMENT OF VAT TAX TO HONEST TAXPAYERS
Tihipko called it unacceptable for the issue of VAT refunds to obstruct investors’ business plans when investing in Ukraine. “The government clearly understands that the next step after repaying VAT arrears through government bonds is the automatic reimbursement of this tax to honest taxpayers,” said the politician.

According to Tihipko, the government will react swiftly to every violation of investors’ rights. “But much more important is the adoption of new legislation that will create transparent and clear rules for running a business in our country,” stressed the head of the Silna Ukraine Party (Strong Ukraine). 
Silna Ukraine Press Service
 
LINK: http://tigipko.com/news/material/id/1971