KIEV, Feb. 9 – The International Monetary Fund supports the reduction of social security contributions and the introduction of a tougher regime for small self-employed taxpayers, according to the technical report assistance published by the IMF experts on Monday and entitled "Technical assistance report—reducing social security contributions and improving the corporate and small business tax system."

The IMF experts said that the reduction of SSC is unlikely to allow considerably reducing the shadow economy.

"International evidence indicates that this requires a comprehensive approach, involving the regulatory environment, access to financial services and providing quality social security benefits," the IMF said.