The International Monetary Fund (IMF) has shown understanding of the sensitivity around introducing value-added tax (VAT) for sole proprietors (FOPs), according to First Deputy Prime Minister Yulia Svyrydenko. Reporting on the results of the IMF Spring Meetings in Washington, Svyrydenko said partners recognize the initiative is a non-constructive idea and are looking for alternatives. The reform, which would require small businesses to register as VAT payers, was initially a prior action under