News 2 - The Committee on Environmental Policy, Nature Resources Utilization and Elimination of the Consequences of Chornobyl Catastrophe does not uphold the bill on amendments to the Tax Code (re increasing tax rate for subsoil use) - Verkhovna Rada of Ukraine

The Committee on Environmental Policy, Nature Resources Utilization and Elimination of the Consequences of Chornobyl Catastrophe does not uphold the bill on amendments to the Tax Code (re increasing tax rate for subsoil use)

Information Department of the Verkhovna Rada of Ukraine Secretariat
Published on 23 January 2015, at 10:21

The bill (Reg. No. 1493) suggests increasing tax rate for subsoil use of ore (except for atomic ore) by 20%; decrease by 25% - for iron stone; increase to 14,3% for hydrocarbons; charging rate for coal and peat at the level of 0,75 – 1,5%; and setting the rate for the rest at the level of 6%. It is stipulated that the increase of the abovementioned rates shall be paid at the expense of the ultimate consumer.

Committee members expressed remarks to the bill.

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