In order to liberalize the legislation and support small and medium-sized businesses, the Verkhovna Rada registered the Bill No. 2338 “On Amendments to the Tax Code of Ukraine on Measures to Shadow the Circulation of Goods and Services”, which proposes to improve the simplified taxation system for the private entrepreneurs.

This bill amends the Tax Code of Ukraine, offering to:

- increase marginal revenue for:

for the first group - from 0.3 to 1 million UAH per year;
for the second group - from 1.5 million UAH to 5 million UAH per year;
for the third group - from 5 million UAH to 10 million UAH per year;
- to set a zero rate for the first group of single tax payers for the provision of household services to the public.

As it is stated in the explanatory note to the bill, the adoption of the bill will help to liberalize the conditions of attribution of natural persons-entrepreneurs to the first, second and third groups of the simplified taxation system, will promote the development of small and medium-sized businesses, increase the competitiveness and quality of goods and services, and increase investment.