Ukraine’s parliament has proposed a bill to revise the legal framework surrounding the White Business Club, a list of high-compliance taxpayers identified by the state. The initiative, introduced by Danylo Hetmantsev, head of the parliamentary committee on finance, taxation and customs policy, aims to enhance the criteria for inclusion in the club. The proposed changes are expected to make the selection process more adaptable, potentially streamlining tax processes and encouraging greater compliance among businesses.
The White Business Club is designed to recognize companies that demonstrate exceptional adherence to tax legislation, offering them certain benefits such as reduced scrutiny. By making the criteria more flexible, the bill may allow for a broader range of businesses to qualify, thereby promoting a more inclusive and efficient system. Hetmantsev emphasized that the reform is part of broader efforts to modernize Ukraine’s tax administration and improve the business environment.
Analysts suggest that the reform could have a positive impact on the economy by fostering a culture of compliance and reducing administrative burdens on businesses. However, there are concerns that relaxing the criteria might lead to potential abuse of the system. The proposal will now undergo further scrutiny before being finalized, with the hope of creating a more effective and transparent tax environment in Ukraine.