Trade through online shops and transactions in securities require strengthening of the tax administration, chairman of the State Tax Service of Ukraine Oleksandr Klymenko told a briefing, ForUm correspondent reported.

"These measures will help to protect the consumer. This is important because the main principle of taxation is that everyone has to pay taxes. And we will make changes if we see unequal conditions and a need to improve the administration process," he said.

According to Klymenko, the State Tax Service is going to change radically the approaches to the administration of securities transactions. "As of today, only 11% of turnover of the securities are carried out with securities of real listed companies. And other securities are a tool of tax avoidance. Thus, we see one trillion UAH of securities’ turnover, though, the budget receives very small sum - 150 million UAH," the head of the STS noted.

He also stressed that the same situation exists with online shopping.


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