The draft of the updated Tax Code is planned to be submitted to the President for consideration by September 1. The document has been posted on the website of the Ministry of Finance and sent for approval to all government agencies, business unions, and the Council for the Development of Entrepreneurship. The Ministry of Finance jointly with the Ministry of Taxes and Duties is promptly processing it. Specialists note that the draft of the new Tax Code brought business and government closer. It is planned to reduce the tax burden, change the mechanism for calculating the number of taxes and simplify administrative procedures.