Verkhovna Rada Committee on Taxation and Customs Policy examines draft law on exemption of pensions from taxation

Information Department
Published on 13 May 2016, at 13:51

The Committee members at the meeting on May 12 examined five draft laws Nos.4542, 4542-1, 4542-2, 4542-3, and 4542-4.

During the discussion, it was noted that the draft laws propose to remove provisions on taxation with personal income tax of pensions (including the amount of their adjustment accrued pursuant to the law) or monthly lifetime allowance received by the payers of this tax from the Pension Fund of Ukraine or the budget pursuant to the law, regardless of their size.

Following the discussion, the Committee members decided to recommend that the Verkhovna Rada approve as a basis the draft law on amendments to the Tax Code of Ukraine and certain laws of Ukraine concerning the abolishment of taxation of pensions and the removal of limitations in the payment of pensions for some categories of working pensioners No.4542-4.

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