President signs law on improving the investment climate in Ukraine

The main innovation of the law:

1) start-ups are exempt for three years from any state tax inspections if they have turnover of less than 3 million hryvnia;

2) tax inspection at the district level will turn from the control and inspection bodies in advisory tax authorities;

3) tax office control functions remain at the regional level;

4) to administer the income tax, value added tax, the single social contribution, income tax for individuals - the radically different tax and investment climate will create in Ukraine.

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