Fractional housing not quickly released from VAT

05.06.2010 10:51
The adoption of the bill for the release of the companies leading the construction of housing on the equity principle of value-added tax (VAT) is being developed by the Ministry of Regional Development and Construction (Minregionstroy), due to budgetary situation is possible only in 2011. Told the Minister of Regional Development and Construction Vladimir Yatsuba at a press conference in Kiev.<br /><br />According to him, in connection with the situation in the adoption of the budget document this year is impossible. "We came out today with a proposal, but he declined. The next year, I think we are trying this subject "- he said.<br /><br />As previously reported, the participants in the construction market in Ukraine believe that the adoption of the bill, which abolishes the payment of VAT by companies that are building housing for the shared construction contracts, will reduce the cost of housing in the primary market to 20% if the government can protect the rights of both consumers and developers.<br /><br />Interfax-Ukraine<br />
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