OREANDA-NEWS. July 01, 2011. A meeting of the Coordination Council on development of small and medium business under the Cabinet of Ministers of Ukraine has been held.

During the meeting it was discussed the course of preparation for the second reading of the draft Law of Ukraine "On amendments to the Tax Code of Ukraine and other legislative acts of Ukraine on the simplified system of taxation, accounting and reporting of small business" (registration № 8521). Participants of the meeting are convinced that this bill should be adopted in the second reading in short time. Thus it is offered to establish precise temporary frameworks of coming into force of the certain positions: members of the Coordination Council consider, that the social block should come into force from the moment of acceptance of the law, and economic - since January, 1st, 2012.

In addition, during the meeting of the Coordinating Council it was discussed the draft Law of Ukraine "On internal trade", which had been adopted by Parliament at first reading. On this occasion, was a lively discussion, in particular it was stressed the shortcomings of bill. It was noted that the bill needs improvement. It was noted that in future all bills relating to the activities of small and medium businesses, will definitely be considered by the Coordinating Council.

The participants also stressed the need to establish effective cooperation with all authorities. At this stage, the Coordinating Council is working closely with the Ministry of Interior and the State Tax Service. Representatives of these agencies actively participate in meetings of the Council, jointly solving urgent problems of small and medium businesses.