<sod>The countries that have recently reintroduced flat taxes have done so largely in the hope of boosting economic growth. The [[Baltic countries]] of [[Estonia]], [[Latvia]] and [[Lithuania]] have had flat taxes of 24%, 25% and 33% respectively with a [[tax exemption|tax exempt]] amount, since the mid-1990s. On 1 January 2001, a 13% flat tax on personal income took effect in [[Russia]]. [[Ukraine]] followed Russia with a 13% flat tax in 2003, which later increased to 15% in 2007. [[Slovakia]] introduced a 19% flat tax on most taxes (that is,  on corporate and personal income, for [[VAT]], etc., almost without exceptions) in 2004.  [[Romania]] introduced a 16% flat tax on personal income and corporate profit on 1 January 2005. [[Republic of Macedonia|Macedonia]] introduced a 12% flat tax on personal income and corporate profit on 1 January 2007 and promised to cut it to 10% in 2008.<ref>http://actualbluesargent.tumblr.com/post/140295752348/taxes</ref> Albania has implemented a 10% flat tax from 2008.<ref>[http://www.setimes.com/cocoon/setimes/xhtml/en_GB/features/setimes/features/2007/04/06/feature-02 Albanian government to implement flat tax (SETimes.com)<!-- Bot generated title -->]{{dead link|date=December 2015}}</ref> Bulgaria applies flat tax rate of 10% for corporate profits and personal income tax since 2008.<ref>[http://www.investnet.bg/bulgarian-economy/InvestmentIncentives/why-invest-in-bulgaria.aspx] {{wayback|url=http://www.investnet.bg/bulgarian-economy/InvestmentIncentives/why-invest-in-bulgaria.aspx |date=20130924115027 |df=y }}</ref><eod>
<sod>The countries that have recently reintroduced flat taxes have done so largely in the hope of boosting economic growth. The [[Baltic countries]] of [[Estonia]], [[Latvia]] and [[Lithuania]] have had flat taxes of 24%, 25% and 33% respectively with a [[tax exemption|tax exempt]] amount, since the mid-1990s. On 1 January 2001, a 13% flat tax on personal income took effect in [[Russia]]. [[Ukraine]] followed Russia with a 13% flat tax in 2003, which later increased to 15% in 2007. [[Slovakia]] introduced a 19% flat tax on most taxes (that is,  on corporate and personal income, for [[VAT]], etc., almost without exceptions) in 2004.  [[Romania]] introduced a 16% flat tax on personal income and corporate profit on 1 January 2005. [[Republic of Macedonia|Macedonia]] introduced a 12% flat tax on personal income and corporate profit on 1 January 2007 and promised to cut it to 10% in 2008.<ref>http://www.investinmacedonia.org/news.aspx?news=35{{dead link|date=December 2015}}</ref> Albania has implemented a 10% flat tax from 2008.<ref>[http://www.setimes.com/cocoon/setimes/xhtml/en_GB/features/setimes/features/2007/04/06/feature-02 Albanian government to implement flat tax (SETimes.com)<!-- Bot generated title -->]{{dead link|date=December 2015}}</ref> Bulgaria applies flat tax rate of 10% for corporate profits and personal income tax since 2008.<ref>[http://www.investnet.bg/bulgarian-economy/InvestmentIncentives/why-invest-in-bulgaria.aspx] {{wayback|url=http://www.investnet.bg/bulgarian-economy/InvestmentIncentives/why-invest-in-bulgaria.aspx |date=20130924115027 |df=y }}</ref><eod>