KYIV, June 7 – The European Business Association (EBA) has urged Prime Minister Denys Shmyhal and Head of the Parliamentary Committee for Finances, Tax and Customs Policies Danylo Hetmantsev to review bill No. 5600, as the association believes it could create a disproportionate burden on the economy of Ukraine.

"Business is concern about the rule which restricts large taxpayers to carry forward losses," the EBA said in a press release.

"In the case of banks, the losses of previous years reduce the bank regulatory capital affecting the economic standards of banks," the association said.