KIEV, June 21 – The European Business Association has asked President Viktor Yanukovych to veto law No. 9661 on the improvement of some tax requirements and return it for elaboration by experts and the business community with regard to settling the problem of carrying forward losses for previous periods.

Parliament on May 24 passed the amendments, drawn up by MPs Vitaliy Khomutynnik and Oleh Tsarkov (Regions Party), which gives the right to companies with revenues exceeding UAH 1 million to repay losses on profit tax for the two previous years in installments until 2015.