The Verkhovna Rada of Ukraine adopted as a basis the draft law on amendments to the Tax Code of Ukraine (re restructuring foreign currency credit commitments into hryvnia)

Information Department of the Verkhovna Rada of Ukraine Secretariat
03 July 2014, 17:55

The bill stipulates that creditor bank has the right to write off loses, at the expense of insurance reserve, that arose as the result of annulment (release) of a part of natural persons-borrowers’ debt, under the Law “On restructuring foreign currency credit commitments into hryvnia”.

The bill stipulates also that the creditor has the right to include part of the annulled (released) debt that was not written off at the expense of insurance reserve into the cost structure.

The respective bill was registered under No. 4186а-1.