Deputy Governor of the National Bank of Ukraine: Businesses Still Evading Taxes
Deputy Governor of the National Bank of Ukraine Ekaterina Rozhkova has stated that a large part of businesses in the country still use various mechanisms to evade tax payments, which is a serious problem.
National Bank’s Project to Limit Tax Evasion
The National Bank is developing a project that will limit card transfers and establish maximum limits for cash transfers through self-service terminals. Rozhkova announced this at the «Finance for Business in Times of War» conference on February 7.
«We are actively working on this project, considering it from all perspectives. This is a very sensitive issue. Until we make a final decision, I would not like to make any announcements to avoid manipulation,» Rozhkova noted. She emphasized that the problem is that many companies in Ukraine continue to use various schemes to evade or reduce tax obligations.
