Page 6 - UKRRptAug21

drive tax collection should improve further this year as the government has rejigged the taxes on metals that will end some of the extra low tax regimes that oligarchs like Rinat Akhmetov have been enjoying and bring over $1bn of extra revenues into the budget. Tax revenue surged 23.0% y/y to UAH124.8bn in March, accelerating from 9.1% y/y growth in February.
On the political front Ukrainian president Volodymyr Zelenskiy’s anti-oligarch campaign continues, although so far it remains limited to attacks on oligarchs that are also political rivals, such as Viktor Medvedchuk, the head of the Political Council of the Opposition Platform, For Life Party.
However, laws have been passed that will end tax breaks for non-political oligarchs like Rinat Akhmetov. And the anticorruption laws that were nixed by the Constitutional Court last autumn are being replaced with new laws as per the IMF’s demands.
6 UKRAINE Country Report August 2021 www.intellinews.com