News 2 - The Committee on Taxation and Customs Policy recommends that the Parliament forwards the Bill on Real Estate Taxation for further Elaboration - Verkhovna Rada of Ukraine

The Committee on Taxation and Customs Policy recommends that the Parliament forwards the Bill on Real Estate Taxation for further Elaboration

Published on 16 May 2008, at 10:24

The Bill (Reg. No.2113) establishes a tax on immovable property (real estate) of individuals and legal entities, and individuals-entrepreneurs as envisaged by the Law "On Taxation System". Thus, the said tax will be imposed on all types of immovable property in the ownership of the stated persons, except of land. The rate of tax will be defined as the percentage from a living wage established for one square metre of the total taxable property in the beginning of the year.

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