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Ukraine: Protesters decry Kiev plans to scrap tax breaks for farmers01:01

Ukraine: Protesters decry Kiev plans to scrap tax breaks for farmers

Ukraine, Kiev
June 30, 2015 at 11:12 GMT +00:00 · Published

Some 600 protesters gathered outside Kiev's Verkhovna Rada, Tuesday, to decry government plans to force small businesses to use cash registers and abolish VAT breaks in the agricultural sector.

The square was occupied by a heavy police presence as demonstrators held placards opposing several laws and calling for the introduction of others. In particular, the protesters are calling for the adoption of draft law 1718, which would exempt certain categories of retailer from the requirement to use cash registers. Protesters oppose measures that would require small businesses to use tills, saying the cost of implementation could force many out of business. Lawmakers had previously mooted a law for obligatory use of cash registers, citing a need to reduce opportunities in the "shadow economy."

Many were also present at the march to decry the abolition of tax breaks for small agricultural businesses, reportedly one of the International Monetary Fund's (IMF) prerequisites for reform in Ukraine if the country is to continue to receive support from the global financers. There are reports that if the tax breaks to farmers are removed, Ukraine's agricultural sector will be crippled, losing an estimated 20 billion hryvnia (€853 million; $952 million).

Ukraine: Protesters decry Kiev plans to scrap tax breaks for farmers01:01
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Some 600 protesters gathered outside Kiev's Verkhovna Rada, Tuesday, to decry government plans to force small businesses to use cash registers and abolish VAT breaks in the agricultural sector.

The square was occupied by a heavy police presence as demonstrators held placards opposing several laws and calling for the introduction of others. In particular, the protesters are calling for the adoption of draft law 1718, which would exempt certain categories of retailer from the requirement to use cash registers. Protesters oppose measures that would require small businesses to use tills, saying the cost of implementation could force many out of business. Lawmakers had previously mooted a law for obligatory use of cash registers, citing a need to reduce opportunities in the "shadow economy."

Many were also present at the march to decry the abolition of tax breaks for small agricultural businesses, reportedly one of the International Monetary Fund's (IMF) prerequisites for reform in Ukraine if the country is to continue to receive support from the global financers. There are reports that if the tax breaks to farmers are removed, Ukraine's agricultural sector will be crippled, losing an estimated 20 billion hryvnia (€853 million; $952 million).