Source: НВ
Бизнес
On July 14th, the Verkhovna Rada has adopted new
amendments to the Tax Code and presented the "capital
amnesty" for offshore lovers.
Tax-free liquidation
The rule on "tax-free liquidation" of foreign
companies was expected like manna from heaven. Paying personal
income tax 18% or even 9% and military duty 1.5%, or only military
duty 1.5% on accumulated and often undeclared income – the
difference is significant. Some people might say that's unfair
– those who kept their money on foreign accounts and in
offshore, without any taxation in Ukraine, will get preferences
again. On the other hand, how else can we stimulate wealthy
Ukrainians to disclose information about their financial position
and assets? Perhaps this rule is the "capital amnesty" as
promised by the President, though not with a zero-tax rate.
