<\/p>\n
Yesterday, the President of Ukraine signed draft law No. 7632 on the exemption from payment of tax on immovable property, other than land, for destroyed or damaged immovable property.<\/p>\n
The European Business Association sincerely thanks the President for signing this extremely important Law, moreover, the MPs and business experts who participated in the resolution of the legal conflict that blocked the application of tax benefits.<\/p>\n
The Association’s experts regularly participated in the work of the Working Group under the VRU Committee on Finance, Tax, and Customs Policy, providing relevant arguments and proposals from businesses. It is worth noting that most of the proposals were taken into account.<\/p>\n
However, the business believes that the Tax Code and the List of Occupied Territories (by the Ministry of Reintegration) still have several inaccuracies and need additional revision. In particular, there are cases when the List of Occupied Territories Subject to Tax Exemption does not include cities and territories located far from the front line, but on which significant missile strikes were made, real estate was destroyed, for example, Kharkiv, Zaporizhzhia, Dnipro, Uman, Chernihiv, Kyiv, etc. Therefore, the community appeals to the Ministry of Reintegration with a request to regularly update the List with information about territories that, although they are far from the front line, but, unfortunately, also suffered destruction and losses.<\/p>\n
In addition, the issue of mined territories, which have not yet been surveyed and information has not been entered into the State Geocadastre (in particular, about their size) has remained unresolved. The taxpayers will not be able to receive tax exemption during the period before the information is entered into the State Geocadastre. It is worth noting that demining such areas can take years, during which this land is unsuitable for cultivation, so it is unfair to collect taxes from such areas. Therefore, the Association additionally appeals to the VRU Committee on Finance, Tax, and Customs Policy with a request to continue to work on improving this list in the context of mined territories.<\/p>\n
At the same time, the business is waiting for an official information letter from the State Tax Service clarifying how the provisions of the law should be applied, the procedure for the business, how to submit an updated declaration for past periods (2021-2022) and the first quarter of 2023. After all, tax officials must clearly understand the application of the provisions of the Law.<\/p>\n
<\/p>\n
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Yesterday, the President of Ukraine signed draft law No. 7632 on the exemption from payment of tax on immovable property, other than land, for destroyed or damaged immovable property. The European Business Association sincerely thanks the President for signing this extremely important Law, moreover, the MPs and business experts who participated in the resolution of […]<\/p>\n","protected":false},"author":4489,"featured_media":476949,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[4,5],"tags":[],"yoast_head":"\n