Ukraine to rise the agricultural lands rent payment

Source

APK-Inform

635

The Verkhovna Rada of Ukraine may increase the minimal rent payment for the agricultural lands — to 6% as opposed to the previous 3%. The corresponding Draft Law (reg. №5066) «On the land rent" was registered in the Verkhovna Rada.

According to the document's explanatory note, the 6% rate is economically justified.

Besides, the Draft Law proposes to oblige the renters to pay at least 50% of the annual rent in cash.

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