News 2 - The Committee on Taxation and Customs Policy recommends that the Parliament adopts as Basis the Bill on Amendments to the Law "On Value Added Tax" (re Preferential Tax Treatment of Certain Types of Tourist Services) - Verkhovna Rada of Ukraine

The Committee on Taxation and Customs Policy recommends that the Parliament adopts as Basis the Bill on Amendments to the Law "On Value Added Tax" (re Preferential Tax Treatment of Certain Types of Tourist Services)

Published on 20 November 2009, at 15:15

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Pursuant to the Bill (Reg. No. 5346), a zero tax rate shall be imposed on the rendering of tourist services (accommodation, board, excursions, sports and recreation services rendered at the institutions determined by Clause 1 of the Law "On Tourism") for 02.12. 2009 - 28.02. 2010.

According to People´s Deputy S.Teriokhin, author of the Bill, the Bill was drafted in view of the critical situation in the tourist sector.

The Committee believes that adoption of the Bill will facilitate further development of the domestic tourism market, enhance efficient work of the service providers and reduce the VAT tax rates claimed for budget reimbursement.

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