The Bill (Reg. No.2309) defines basic principles of State support of book publishing in Ukraine. Thus, for the period of 1 January 2009 1 January 2014, publishing houses, publishing organizations and printing enterprises are granted privileges in payment of import duty tax; value added tax; and tax on income of enterprises.
The Laws "On the State Support of Book Publishing in Ukraine" and "On Amendments to several Laws of Ukraine regarding State Support of Book Publishing in Ukraine" are to be declared as invalid on 1 January 2009.
The effective period of privileges in payment of import duty tax; value added tax; and tax on income of enterprises is to be extended till 1 January 2014, though "the list of privileges in payment of VAT is slightly curtailed in comparison with effective regulations".
The Committee recommends that The Verkhovna Rada of Ukraine rejects the Bill on State Support of Book Publishing in Ukraine (Reg. No. 2309), and includes the motions concerning taxation into the Bill on Amendments to several Laws of Ukraine regarding State Support of Book Publishing (Reg. No. 2302).