Verkhovna Rada adopted the Tax Code of Ukraine

19.11.2010 10:38
Property News | Verkhovna Rada adopted the Tax Code of Ukraine Verkhovna Rada (VR) 18 November 2010 during the evening session adopted on second reading in general, the draft Tax Code, under the editorship of the Cabinet of Ministers of Ukraine. For a decision voted 269 of 387 deputies registered in the session hall.

Parliamentarians also adopted a separate law, which amends the current legislation in connection with the adoption of the Tax Code.

Updated Tax Code of Ukraine reduces the tax incentives of entrepreneurs to increase revenues to the pension fund and provides for a gradual reduction of tax rates on profits of enterprises from the current 25% to 16% in 2014 and the value added tax (VAT) - from 20 to 17% . At the same time already in 2011, increasing taxes on incomes and tightening the regime of accounting and taxation of small businesses.

Document increases the excise tax on petroleum products, alcohol and tobacco, rent for the extraction of oil and gas. Parliament voted to increase the excise tax on gasoline from 2011 to 50 euro - up to 182 euros for 1000 kg. Deputies approved the increase in excise duty on diesel fuel with a sulfur content exceeding 0.2% - on 38,5% - to ? 90 / t; 0,035-0,2% - 38% - up to 69 euros per ton; 0,005-0,035% - 37,8% - to 62 euros per ton, less than 0,005% - 40% - up to 42 EUR / t. It was also decided to introduce excise duty on liquefied natural gas at a rate of 40 euros for 1000 kg.

Introduced a luxury tax. They will be subject to unnecessary square meters of housing, aircraft, yachts, expensive cars.

Tax Code comes into force upon signature by the President of Ukraine.

Before the vote, the chairman of the committee on customs and tax policies, Vitaly Homutynnik and Minister of Finance of Ukraine Fedor Yaroshenko promised MPs prepare for a meeting on November 19 a bill to amend the Tax Code, which take into account all suggestions and comments that were made during today's meeting, RBK-Ukraine.
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