You're reading: Office of large taxpayers reports on cutting tax debt by 33 percent since early 2018

The Office of Large Taxpayers has reported on the reduction of tax debt by Hr 6.8 billion or 32.8 percent since early 2018, to Hr 13.9 billion as of March 1, 2018, the office has reported on its website.

“Since early 2018, the debt was cut thanks to an action plan implemented, as well as cooperation with the Individuals’ Deposit Guarantee Fund, while, for example, year-over-year the tax debt grew by Hr 3.3 billion,” the office said.

The major part of the debt is tax debts of bankrupts, banks under liquidation or enterprises in the military operations zone in Donbas, amounting to Hr 7.5 billion.

Some Hr 6.4 billion is the debt that could be collected, the office said.