The Bill (Reg. No. 1322) exempts from taxation the income of vocational technical training establishments founded by the public authority and local self-government bodies.
S.Teriokhyn, the Committee Chairman, presented the Bill and stated that at present non-profit organizations, including educational establishments are taxed due to the Law "On Income Taxation of Enterprises".
Thus, profits of public vocational schools received from manufacture and sale of commodities, related to their basic statutory activity, is exempted from taxation. The said income of educational establishments is reckoned in the budget (at the special account) of the said non-profit organizations and is to be used only for their upkeep.
The Cabinet of Ministers of Ukraine approves the list of paid public services that can be rendered by the non-profit organizations.
As a result of the discussion, the Committee resolved that the issue concerning taxation of non-profit educational organizations (including vocational schools) is already regulated by the tax legislation.