The bill (Reg. No. 3092) suggests amend the procedure of VAT taxation and income tax of business entities that carry out investment projects in priority sectors of economy, according to the Law “On promotion of investment activity in priority sectors of economy to create new jobs.”
According to the Committee members, adoption of the bill will allow prevent unreasonable budget losses during import operations and promote proper fulfillment of investment and social obligations by business entities when carrying out investment projects in priority sectors of economy.
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