OREANDA-NEWS. May 16, 2011. The Cabinet of Ministers of Ukraine in finalizing the regulations of the Tax Code is ready to maximum compromise with entrepreneurs who are working on a simplified system of taxation. This was announced by the Prime Minister Mykola Azarov at the enlarged session of the Council of Entrepreneurs under the Cabinet.

He urged entrepreneurs to discuss with the Ministry of Finance and State Tax Service of all standards concerning the simplified business tax system and find the necessary compromise.

Mykola Azarov noted that in view of filling the State Budget such compromises are not develop into large amount. But, more importantly, the Prime Minister stressed – that these standards would not open "loopholes" for fake VAT refund. "That's my only condition", - the Prime Minister said.