The Verkhovna Rada of Ukraine adopted the Bill "On Local Taxes and Duties" as a Basis

24 December 2008, 12:02

The Bill (Reg. No.3532) offers legislative regulation of administration of national and local taxes and duties in Ukraine.

 

Thus, it excludes the following duties and taxes from the composition of national ones: the tax on trading and fixed tax on entrepreneurship imposed on the natural persons; stamp duty; duty to the Fund for taking measures aimed at elimination of consequences of Chornobyl disaster and social protection of population; duty to the State Innovation Fund.

 

The Bill alters the approaches to taxation by commercial duty, i.e. grants the status of a tax to it and defines owners or users of a land plot allocated for market as tax payers.