The law was adopted to fulfill conditions of the international Agreement (in the form of the exchange of notes) between the Government of Ukraine and the Government of Japan on provision of a loan for the fulfillment of the Bortnychi Sewage Treatment Plant modernization project in the framework of the implementation of the project "Reconstruction of sewage treatment facilities and construction of a technological line for sludge processing and disposal at the Bortnychi Sewage Treatment Plant," signed on June 6, 2015.
The law envisages to temporarily, for the period of the implementation of the project "Reconstruction of sewage treatment facilities and construction of a technological line for sludge processing and disposal at the Bortnychi Sewage Treatment Plant," approved by the Cabinet of Ministers of Ukraine, set incentives in the taxation with personal income tax, value added tax, and profit tax.
Respective draft law was registered under No. 2393а.