The Verkhovna Rada of Ukraine adopted as a basis the draft law on amendments to the Tax Code of Ukraine re capital income taxation

Information Department of the Verkhovna Rada of Ukraine Secretariat
19 June 2014, 12:30

 The bill suggests:

introduce monthly special income taxation for bank institutions and credit unions that shall be charged on the amount of interest on deposits, current and other accounts for the benefit of natural persons, without reducing the sum of percentage;

comprehensively reform income taxation of natural persons on capital revenues.

The bill suggests also abolish tax privileges on income taxation for institutes of joint investment, apart from institutes and funds that correspond to the following set of criteria:

not less than 95 per cent of their assets shall be found on funds’ certificates on real estate transactions

they shall be established for the time period of construction of non-movable asset(s).

The respective bill was registered under No. 4101a.