Tax Code of Ukraine: what else awaits us?

This topic is a kind of supplement IT-Ukraine: Be careful, the doors are closing!

At once I will make a reservation that I in no way defend either this draft code, or the authorities in particular.

Let's try to consider in more detail the approved draft tax code. What does it really represent, and how much tax pressure increases, and does it increase at all.
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Profit of enterprises

Corporate income tax is planned to be gradually reduced from 25% to 17%: in 2011 to 20%, and then every year by 1% until 2014, when it reaches the level of 17%.

Decrease in pressure by 8% is quite a significant figure.

Change in VAT

It is planned to reduce the VAT rate from the current 20% to 17%;

In the new code, there are two rates - 17% and 0%. In addition, the number of business areas that are subject to this type of tax has been significantly reduced.

National taxes

It is planned to reduce the number of national taxes from 29 to 17, to abolish 10 local taxes and fees.

What exactly - just could not figure out.

Tax on personal income

15% tax is retained for personal income. It should also be noted that for nat. persons with an income level of more than 50 thousand UAH plan to install 17%

New taxes

It is planned to introduce a 5% tax on interest calculated on the deposit, which does not cause much joy, given the current rates on deposits.

Changes in the simplified system

It is planned to reduce the number of enterprises that can benefit from the simplified taxation system.

It is logical to ban the gambling business, foreign exchange operations, wholesale trading activities, foreign economic activity, real estate transactions, auditing, consulting, etc. - i.e. in fact, all those areas that have significant financial resources in circulation.

As for the advertising activity as a whole, it is connected with the increased popularity of this type of business. Apparently, online advertising also falls under this item.

Regarding Internet commerce, the authorities decided that earnings in the Internet business are the same incomes of individuals as wages.

Without setting limits, above which the possibility of using a simplified system is lost - this is certainly a minus.

It is a pity that the authorities did not take into account the experience of some countries in which the entrepreneur does not pay taxes when he opened a new business. Although given the mentality, most likely the company would simply be created for the new.

Total

In general, there are shifts for the better. However, it should be noted that barriers to entry into the market of new enterprises are increasing.

Also, unfortunately, you can forget about making money on the Internet without taxes. It should be noted that the new code will affect a number of Internet providers that enjoy the right to simplified taxation.

Of the unpleasant innovations, a new tax on deposits of 5% should be noted - although not much, but still unpleasant.

Paradox

According to the law, double taxation in Ukraine is prohibited.

But if you look at the section, we get the following:
1) we buy raw materials, which may include VAT
2) we sell goods and pay VAT to the state (VAT from sales minus VAT in the cost of raw materials, etc.)
3) part of the cash as profit is taxed by the SPE
4) GMP in a deposit account and subject to deposit tax
5) to pay the RFP, we count the fund and pay deductions from the Social Insurance Fund, the Federal Tax Service, etc. (38% +)
6) charging the salary we pay individual tax
7) go to the store to buy goods for earned salary and pay VAT again

Therefore, the "double" must be understood precisely as two-fold, and not multiple ...

Who is very interested in the whole range of innovations and changes, I recommend reading the draft presented at the meeting 09.06.2010