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World Bank backs introducing exit capital tax for small- and medium-sized firms
Journal Staff Report

KYIV, Nov 6 The World Bank backs idea to introduce exit capital tax for small- and medium-sized enterprises (SME) proposed by the Finance Ministry of Ukraine, World Bank Country Director for Belarus, Moldova, and Ukraine Satu Kahkonen said.

She said at a meeting of the committee for tax and customs policy that the full implementation of the bill should be postponed until the time when the favorable fiscal situation is seen. She said that according to the calculations of the World Bank, possible budget loss could be 1.5% of GDP.




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