OREANDA-NEWS. September 02, 2010. The Government Commission completed its work on proposals that were submitted to the draft Tax Code. The Prime Minister of Ukraine Mykola Azarov announced this today to the journalists after taking part in celebrating the Day of Knowledge in Schaslyvskyi educational complex Kiev Boryspil District Council area.

"Work on the Tax Code has passed in the final stage. The Government Commission yesterday has completed processing 5000 proposals received as the result of truly national discussion of the Tax Code "- the Prime Minister said, adding that the Government would insist on the Tax Code consideration in the Parliament as the urgent bill.

Meanwhile Mykola Azarov noted that the Tax Code provides for tax cuts and provides a number of incentives for innovative development of Ukraine. "The main characteristic of tax reform is the renovation promotion, rules that are pushing the innovation development and modernization of production. We must adopt the Tax Code as soon as possible so that from January 1, 2011 these new rules, stable rules, transparent rules targeted to the significant acceleration of economic and social development, would entry into force" - the Prime Minister said, adding that the Government will do everything possible to persuade MPs to pass the Tax Code.