Ukraine's Cabinet of Ministers announced that its parliament, Verkhovna Rada, would adopt a new tax code to take effect on January 1, 2011. The new tax code declares a zero profit tax rate for small businesses with an annual turnover not greater than 3 million UAH and for single taxpayers with an annual turnover not greater than 300,000 UAH, and a 19% profit tax rate from 2011. The adoption of the tax code is necessary step for the adoption of the 2011 state budget.
http://www.interfax.com.ua/eng/eco/48783/
http://www.sta.gov.ua/control/en/publish/article?art_id=290456&cat_id=74377
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