The IMF memorandum indicates Ukraine may increase its VAT rate

The IMF memorandum indicates Ukraine may increase its VAT rate. Authorities remain ready to raise taxes if necessary, viewing a VAT hike as the most effective option amid uncertainty. Previously, Ukraine promised the IMF to raise certain taxes and faces calls to increase utility tariffs. However, about 70% of additional revenue will go toward servicing existing debt, limiting fiscal flexibility. (Source: Strana)

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Source: Telegram "intnewsagency"