The Bill (Reg.№5067) directed by S. Teriokhin, the People´s Deputy of Ukraine suggests improvement of taxation of separate operations regarding the hosing lease-purchase, during the financing of dwelling construction.
According to the author, amendments that are introduced to the Law "On Enterprises Income Taxation" envisages the taxation order of operations that are implemented according to the hosing lease-purchase agreements in the part of representation of gross income and gross expenses received from mentioned operations.
It also envisages the specification of the mechanism on formation of insurance reserve of banks and non-banking institutions.
According to the bill, the temporary cash method of representation of gross income and gross expenses received from credit operations is to be implemented from 1 January 2009 till 31 December 2010.
Amendments to the Law "On Value-Added Tax" presuppose exclusion from the operations register the hosing lease-purchase operations.
It was also declared during the sitting that according to the amendments to the Law "Natural Persons Income Tax" the increase of the taxation credit recovery increase due to the recovery of the part of the paid interest sum for the mortgage hosing credit as a result of the inclusion of the interest for the hosing lease-purchase operations.
According to the Bill state duty for the certification of hosing lease-purchase agreements is to be implemented at the rate not less 1 and not more 50 tax-free minimum of citizens´ income (amendments to the Cabinet of Ministers Decree "On State Duty").