The transition of financial accounting to international standards will have a positive impact on Ukraine, director of the department on foreign currency reserve management and operations implementation in the open market of the NBU Oleksandr Dubyhvist said during the debate "Taxation of securities trading: how to fill the budget and not to kill the stock market?" ForUm correspondent reports.

In particular, he noted that the international standards of financial accounting operate in 120 countries, in full in 90 of them and partially in 30.

Meanwhile, member of the National Commission on Securities and Stock Market Oleksiy Petrenko noted that amendments to the legislation were developed by a working group of representatives of the Finance Ministry, Tax Administration, NBU, IABU, agencies and organizations.

"The result, which we got, will give a positive effect," he said.

In turn, executive director of the Independent Association of Banks of Ukraine (IABU) Serhiy Mamedov added that "for 15 years, we have had the system on securities accounting, which allowed to reinvest the earned revenues."

According to him, IABU has repeatedly introduced proposals to cancel this issue and to support a final version of the working group.

As a reminder, in October, the government introduced the bill "On amendments to the Tax Code of Ukraine on further improvement of the taxes and fees administration."


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