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Ukrainian system of taxation is one of the world’s most burdensome – World Bank

Publication date: 22 April 2010

According to the rating “Paying Taxes 2010” prepared by the World Bank and PricewaterhouseCoopers, Ukrainian entrepreneurs face the necessity to pay 147 different taxes and to spend approximately 736 hours on that each year. The country occupies 181st position out of 183, and only Belorussia and Venezuela are worse in that respect.

According to the rating “Paying Taxes 2010” prepared by the World Bank and PricewaterhouseCoopers and based upon the survey by “Appleton Mayer”, Ukraine has one of the most burdensome systems of taxation in the world.