The Cabinet of
Ministers of Ukraine welcomes the adoption by the Verkhovna Rada of Ukraine of
a Government draft law amending the Tax Code of Ukraine regarding the tax
treatment for non-residents - holders of securities of Ukraine. The purpose of
the document is to eliminate discrepancies regarding the exemption from
taxation on foreign investors' income obtained from trade in government and
need for the document’s approval, Prime Minister of Ukraine Volodymyr Groysman
emphasized that the draft law is mostly technical, however it would be useful
in the process of organizing the entering by Ukraine the world capital market and
it would increase the investment attractiveness of government securities, appearing
one of the tools for raising funds in the economy.
"This is an
issue of national importance. This is an appropriate and, in its essence, technical
bill allowing us borrowing in September", said Volodymyr Groysman.
note to the document contains that the adopted law will facilitate the
circulation of government and municipal bonds, preventing abuse in this area.