Next steps include further refinement by the Verkhovna Rada’s tax committee, a vote by the committee in the second reading, a vote in parliament, and (if supported) the president’s signature.
We want to remind you that in our column for Forbes Ukraine, we explained why this is beneficial for business:
🔹Acts as a primary financial document used exclusively in the post-Soviet space. Please do not confuse them with acceptance and transfer documents, which are not primary financial documentation, but certify the fact of acceptance of the quality of work.
🔹74.1% of entrepreneurs support the idea of abandoning the use of work completion certificates and believe that it would be easier for them to work in conditions where signing certificates is not mandatory.
🔹In 2021 prices, the savings from abandoning the mandatory use of work completion certificates would amount to UAH 34 billion per year, which at that time accounted for 0.6% of GDP (CASE Ukraine study).
We hope that our efforts to eliminate unnecessary paperwork, which have been ongoing for 8-10 years, are nearing their logical conclusion.
👏Many thanks to everyone who contributed to this bill:
Prime Minister Yulia Svyrydenko
Minister of Economy Øleksii Sobolev
Deputy Minister of Economy Oleksandr Tsybort
Artem Borodatyuk, founder of the FRACTAL group of IT companies
Oleksandr Palazov, Director of the Department of Regulatory Policy and Entrepreneurship of the Ministry of Economy of Ukraine
BRDO Office for Effective Regulation
Union of Ukrainian Entrepreneurs – SUP
Ukrainian Business Council
We would also like to thank our friends at The Last Capitalist, who helped launch the information campaign, and the Lviv Regulatory Hub, which supported our joint initiative.
🤝This initiative would not have been possible without financial support and/or assistance in raising funds for research, developing proposals for the government and parliament, and advocacy campaigns to repeal mandatory acts.
Thank you:
Atlas Network
Invest Haki
Extreme Pride
Best Way Foods
Move Wheels
Salateria
MAINSTREAM
Fedor Shpyg Foundation