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Ukraine proposes switching to a different business classification system

In Ukraine, they propose dividing entrepreneurs into 5 new categories using a segmental approach as opposed to the sectoral approach that is currently used. This was reported by the press service of the Verkhovna Rada Committee on Economic Development.

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The regulatory framework, according to the initiators of the relevant legislative changes, should include the following categories of economic business entities:

All of the above categories of economic entities belong to the micro, small and medium-sized business (MSMB) sector.

The purpose of changes in the regulatory framework for doing business is, according to the initiators of this process, to provide certain categories with additional preferences.

This should apply to such categories as the self-employed, platform-employed persons and family businesses.

minfin.com.ua

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