The Committee on Finance and Banking, Taxation and Customs Policy recommends that the parliament should adopt in the second reading and in entirety the bill to amend chapter XX "Transitional provisions" of the Tax Code of Ukraine (re implementation of the project on construction of infrastructure facilities of Kyiv region)

Information Department
03 July 2012, 09:51

The bill (Reg. No. 9649-д) is to promote and implement the national project "Air express" the construction of a high-speed rail service between Kyiv and Boryspil international airport, and the construction of the other infrastructure facilities of Kyiv region approved by the Cabinet of Ministers. The project is implemented at the expense of the sovereign loan issued by China and under the contract concluded with the non-resident representative office of the China National Corporation of Machine Industry and General Contracting.

 

Thus, chapter XX "Transitional provisions" of the Tax Code of Ukraine is supplemented with paragraph 27

 

The term "party to the contract" described in Chapter XX, "Transitional Provisions" of the abovementioned Code for tax purposes determines the client and the performer, among which the customer is a state enterprise established by the Cabinet of Ministers of Ukraine as an Agent for implementation of the national project "Air Express" and the performer - non-resident who is a party to the contract concluded with the customer to implement the national project “Air Express”.

 

It is stipulated to supplement section 4 with paragraph 27 and section 6 with paragraph 5.