The Committee on Taxation and Customs Policy recommends that the Parliament adopts as a Basis the Bill of the Law on Amendments to certain Laws of Ukraine (re the Taxation of Income from the Operations on Repurchase of Used Goods)

22 June 2009, 12:13

The Bill (Reg.№4385) envisages the determining of the order of the taxation of the operations on purchase of used goods by the repurchasing system.

During the meeting of the Committee it was declared that the Law "On Value-Added Tax" is planned to the added by the new article where the special regime of taxation of the repurchasing operations implemented that presupposes the income taxation (margin), determined as the difference between income from the sell of the used goods and documental proved expenses on its purchase. Norms of the article can be implemented only in cases when dealer who is purchasing already used goods from the natural person that is not VAT payer.

The Law "On Commodity Exchange" is also added by the new principles.