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The Verkhovna Rada of Ukraine exempted from taxation the revenues of foreign investors derived from transactions with internal government loan bonds

September 11, 2017 | Ukrainskie novosti

The Verkhovna Rada of Ukraine exempted from taxation the revenues of foreign investors derived from transactions with internal government loan bonds (OVGZ) and local loan bonds. According to the Ukrainian News Agency, 236 deputies voted for the adoption of the bill No 7052 in general, with the minimum threshold of 226 votes. The purpose of the bill is to introduce changes to some provisions of the Tax Code, in order to settle the issue, and eliminate textual discrepancy with respect to the exemption from taxes imposed on the revenues of foreign investors derived from transactions with internal government loan bonds (OVGZ), local loan bonds, as well as revenues derived from transactions with guaranteed debt. The authors of the bill believe that exemption from taxes with respect to the above transactions will have a positive effect on investments in OVGZ, and on the country’s economy. Reprinting, copying or reproduction of information containing a reference to the Ukrainian News Agency in any form is strictly prohibited


Company: Ukraine

Full company nameUkraine
Country of riskUkraine

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