The Verkhovna Rada of Ukraine adopted as a basis the draft law on amendments to the Tax Code of Ukraine re several issues of charitable assistance taxation

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

The bill (Reg. No. 4455a) suggests exempting charitable assistance, provided in the course of the anti-terrorist operation and after its completion – by 31 December of the year following the year of the end of the anti-terrorist operation, from taxation by amending the Tax Code of Ukraine.  

Moreover, the draft suggests granting income tax benefits to economic entities that provide charitable assistance to participants of the anti-terrorist operation, and specifying the order of providing and imposing taxes on charitable assistance by the volunteers.