Yatsenyuk said that the economy began to emerge from the shadows and GDP in the 4th quarter of 2015 grew by 1.5%

Ukraine’s economy began to emerge from the shadows by reducing the tax burden in General and the reduction of the rate of the unified social tax as the main tax on wage in the country, in particular.

On Tuesday 16 February, said Prime Minister of Ukraine Arseniy Yatsenyuk during a government report to the Parliament.

He recalled that the SST rate was reduced from 1 January 2016 to 22% from 41%. And the government has taken this step, assuming that the deficit of the Pension Fund as the principal recipient of payments for ERUs will be about 100 billion USD. However, Yatseniuk said that in the first two months of the current year payments for ERUs at a reduced rate was 86% from last year’s volume when the tax rate was high. This, according to the head of government, was evidence of recovery from the shadows.

Yatsenyuk said that the growth of Ukraine’s economy in the 4th quarter of 2015 was 1.5%, however the forecasts for the economy this year and forecast economic growth will be adjusted taking into account external and internal factors.

The head of government reminded that earlier the Cabinet of Ministers predicted the growth of Ukrainian economy in 2016 at 2%.

Note that earlier today the Ministry of economic development and trade (MEDT) has estimated the fall of the gross domestic product in 2015 to 10% compared with 2014.




Yatsenyuk said that the economy began to emerge from the shadows and GDP in the 4th quarter of 2015 grew by 1.5% 16.02.2016

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Февраль 16th, 2016 by
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