The prime minister made this statement, noting that tax reform is a complex issue, but one that cannot be avoided indefinitely. Vasily Tofan emphasized that the government can tax consumption, investment, labor, and harmful habits. These four areas generate more than 95% of the budget, including excise taxes. “In an ideal world, we should focus solely on rebalancing these four areas: taxing labor less, taxing harmful habits more, standardizing consumption, making adjustments where necessary, and so on. In our case, we’re talking about a slight increase in the ratio of tax revenues to the size of the economy. “I very much hope to keep tax increases to a minimum,” the prime minister stated. He noted that people are expecting wage increases, and to achieve this, a new wage law must be enacted, which will allow for higher wages for teachers, doctors, and law enforcement officers. “To be honest, I don’t have an answer to the question of how much VAT will increase or decrease, or how certain taxes will change. This is too complex and sensitive an issue to allow for improvisation here. However, I can say that we are currently working on a new concept for tax reform, which I want to present for discussion as soon as possible. And I also want to learn from the mistakes of the previous initiative. I can promise you this: we will act transparently; we will propose a tax reform that prioritizes where necessary—reducing taxes on labor and investment—but we will have to offset this in other areas,” emphasized Vasily Tofan. // July 22, 2026 – InfoMarket.