KYIV, Nov 8 – Business in the hotel and restaurant sector, trade and processing industry most often uses the simplified taxation system (the second group) to understate income and optimize tax payments, according to a study by the Centre for Economic Strategy (CES).

"The most common businesses of the simplified taxation system, which underestimate income for the tax authorities, are entrepreneurs of the second group: HORECA [40% of businessmen], trade [30%] and processing industry [26%]," the CES said in a press release on Monday.