March 28 2014, 08:55 Source: APK-Inform Views: 1685

Ukraine: the Parliament passed the law on the financial failure preventing

The Verkhovna Rada of Ukraine supported the Draft Law #4576 «On preventing financial failure and establishing preconditions for economic growth in Ukraine».

Stated law introduces the standard tax rate on the enterprises profit and VAT at the level of 18% and 20% respectively.

Also the government cancels the VAT refund for grain exports. But the agricultural producers are exempt from the VAT and remain on the special regime of the tax imposition.

The Government introduces the levy on the mandatory state annuity insurance at the rate of 0.5%, when entities and persons buy foreign currency by non-cash and/or cash form.


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