Enterprise profits tax revenues is the second most important source of consolidated fiscal revenues after the VAT. In 2005, the EPT revenues reached UAH 23.2 bn or 5.5%°of GDP, accounting for 17%°of consolidated fiscal revenues. The EPT execution was above the initial government plan by UAH 1.4 bn (0.3%°of GDP). Such a high performance is explained by tax administration strengthening and the tax base broadening via elimination of sector privileges and special economic zones.