Work on the construction of housing exempted from VAT
Construction work on housing in Ukraine may be exempt from value added tax (VAT), the corresponding norm has been included in the draft Tax Code of Ukraine at a cabinet meeting in Kiev on Wednesday. The Cabinet of Ministers of Ukraine supported the initiative Minregionstroya exemption from VAT for building work in the construction of housing. During consideration of the draft Tax Code of Ukraine at a meeting of government, the Minister of Regional Development and Construction of Ukraine Vladimir Yatsuba made a proposal to make to the code of the rule that the construction work in the construction of housing will be exempt from VAT - Reported in the press release Minregionstroya.
According to V. Yatsuba, which quoted the press service, this will reduce the cost of housing up to 8%.
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