Eduard Rubin, Telesens

Name: Eduard Rubin

Position: CEO, Telesens International Ltd.

On symplified system of taxation for IT sphere

”No news is a good news” – with this phrase one can fully depict the current state of affairs when the newly-adopted Law amending the Tax Code of Ukraine hasn’t provided a negative input on the local IT sphere.  The Government seems to fully comprehend the vitality of the sector for the national economy. IT is one of the few global-market-oriented industries in Ukraine, which demonstrates high level of competitiveness: according to 2010 year-end statistics, Ukraine was ranked among TOP 5 world software exporters. The industry shows steady level of growth and sustainability, creates a demand for high-qualified and well-paid professional workforce thus being a stimulus for the school-leavers to obtain higher education. 

Simplified system of taxation and competitive prices for outsourced IT services (25-30 USD per hour) enabled Ukraine to fit into global marketplace. If the simplified taxation system is abolished, the overall IT industry can go to rack and ruin, as the majority of IT services’ providers would leave the country or “go underground”.

IT industry players place long-awaited hopes at the future stabilisation of the legislative framework, thus the EBA in conjunction with IT majors and the Government continues to modernise the taxation mechanism by launching new initiatives.  Current degree of mutual understanding between business and Government makes it possible to place such reasonable expectations.