At a meeting on November 25, 2015, the Committee examined with regard to the competence draft laws on special mode of investment activity in the territory of priority development in Chernihiv region (Reg. No. 3293) and on special mode of investment activity in the territory of priority development in Zhytomyr region (Reg. No. 3294).
The draft laws provide for introduction of a special mode of investment activity in the territory of priority development in Chernihiv and Zhytomyr regions for the period of 20 years, which includes granting of preferences in payment of import duty, value added tax, corporate income tax and land tax during the implementation of investment projects.
The Committee members believe that the branches of the economy, for which the floor cost of investment projects to obtain preferential modes was determined, do not reflect the essence of the purpose proposed by the draft laws, of the special mode of the territory of priority development, which includes efficient use of natural resources, and renewal of contaminated land.
Setting the tax preferences does not meet the principles outlined by the Tax Code of Ukraine, according to which such preferences are set exclusively by this Code, and tax preferences are granted from the next fiscal year.
In addition, the draft laws have no feasibility studies, including regarding the criteria for determination of regions for assigning the special mode of investment activity (territories of priority development), as well as regarding effectiveness of its introduction taking into account experience of similar modes, which had been in effect before 2005.
Following the examination, the Committee decided to recommend the Committee on Industrial Policy and Entrepreneurship submit to the Verkhovna Rada of Ukraine a proposition to return these draft laws to the subject of legislative initiative for revision.