Get all your news in one place.
100's of premium titles.
One app.
Start reading
Reuters
Reuters
Business

Ukraine approves sweeping tax breaks to help businesses weather the war

FILE PHOTO: Ukrainian Prime Minister Denys Shmygal speaks during a news briefing following talks with Polish Prime Minister Mateusz Morawiecki in Kyiv, Ukraine February 1, 2022. REUTERS/Valentyn Ogirenko

Ukraine's parliament approved measures on Tuesday to help Ukrainian businesses stay afloat during the war with Russia, including slashing taxes to a single 2% rate, Prime Minister Denys Shmygal said.

The war - the biggest in Europe since World War Two - has caused a humanitarian and economic shock, with the International Monetary Fund warning this week of a possible 35% contraction in output.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.