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EU demands Ukraine raise VAT to 20% for companies on preferential tax system with revenue over €77,400 to avoid stricter conditions on €90 billion loan, Bloomberg reports citing sources.

The European Union demands that Ukraine implement tax changes, otherwise the community will impose stricter conditions for the provision of a €90 billion loan. Bloomberg reported this citing sources. According to its data, Ukraine must increase VAT to 20% for companies operating under a preferential system and with an annual income of more than €77,400.

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