The Committee on Taxation and Customs Policy recommends that the Parliament should adopt as a basis the draft law “On amendments to chapter XX of “Transitional Provisions” of the Tax Code of Ukraine re improvement of the mechanism of state support of business entities that carry out investment projects in priority sectors of economy”

Information Department of the Verkhovna Rada of Ukraine Secretariat
23 September 2013, 15:08

The bill (Reg. No. 3092) suggests amend the procedure of VAT taxation and income tax of business entities that carry out investment projects in priority sectors of economy, according to the Law “On promotion of investment activity in priority sectors of economy to create new jobs.”

According to the Committee members, adoption of the bill will allow prevent unreasonable budget losses during import operations and promote proper fulfillment of investment and social obligations by business entities when carrying out investment projects in priority sectors of economy.