The law provides that:

- taxes are paid where entrepreneurs earn;

- subject to the sale of Ukrainian assets in “offshore”, the tax is paid in Ukraine;

- the scheme of withdrawal of capital through concluding contracts with foreign countries is liquidated;

- the penalties for domestic entrepreneurs are softened and the procedure for appealing against tax actions is facilitated.

The Law has amended 12 legislative acts, in particular, the Law of Ukraine "On Collection and Accounting of the Single Contribution to Compulsory State Social Insurance" to align the names of central executive bodies administering the single tax contribution with the current legislation.

In particular, it is provided that:

- during the opening of accounts, banks are obliged to receive information about the payers of a single payment from the Unified State Register of legal entities, natural persons - entrepreneurs and public entities to confirm their entry in the tax authority as payers of a single contribution;

- the tax authority, which considers the complaint of the payer of the single payment, is obliged to make a reasoned decision and send it to the payer of the single payment within 20 calendar days from the day of receipt of the complaint to the address of the payer of the single payment by mail with the notification of service or to submit it to the receipt. The manager (his deputy or authorized person) of the tax authority may decide to extend the term of consideration of the single payment of the payment of a single payment beyond the established term, but not more than 60 calendar days, and to notify the single contribution of the payer in writing before the end of the 20-day period. If the reasoned decision on the complaint of the payer of the single payment is not sent within 20 days or within a period extended by the decision of the head (his deputy or authorized person) of the tax authority, such complaint shall be considered fully satisfied in favor of the payer of the single payment from the day following the last day expiration.

The law also amended 63 more legislative acts of Ukraine, which are intended to harmonize the issue of division of powers between tax authorities and customs authorities and which clearly state that a controlling body is a body designated by the Tax Code of Ukraine

Note that certain provisions of the law have a special procedure for entry into force:

- on the submission of a claim for payment of arrears on a single payment - from 1 July 2020;

- regarding the regulation of electronic cigarette liquids and duty rates - from 1 January 2021.