13.04.2023 17:17

The Verkhovna Rada will return to the idea of additional taxation of Ukrainian "daughters" of companies that have not left the Russian market

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13.04.2023 17:17

The Parliamentary Committee on Finance, Tax and Customs Policy will soon return to consideration of Bill No. 7232 on the introduction of additional taxation of the income of companies that continue to operate on the Russian market, the chairman of the committee, Danylo Hetmantsev said.

"Obviously, the vast majority is in favour of returning to the issue of additional taxation of the income of companies that have not left the territory of the Russian Federation after February 24, 2022. Therefore, we will return to the consideration of the draft law in the committee in the near future," Hetmantsev wrote on Wednesday after conducting his own poll on the Telegram channel.

He recalled that exactly one year ago, the Verkhovna Rada adopted draft law No. 7232 on additional taxation of companies that did not stop their business in Russia, but it caused a debate and was postponed.

According to Hetmantsev, the table for the second reading is ready and is available on the website of the Verkhovna Rada. "However, it obviously needs to be updated," the head of the committee noted.

Among the specific companies that remain on the Russian market and continue to finance the Russian aggressor with their taxes, he named Nestle, Kimberly-Clark, Raiffeisen, Philip Morris.

As reported, this draft law provides for the application of a factor of 1.5 to the rates of corporate income tax, environmental tax, rent and property tax in the taxation of international companies whose divisions continue to work in Russia.

The draft law also provides for the submission by business entities with economic ties to the aggressor state of the acquisition of such status for the application of the increased tax burden provided for by this law.

A few weeks ago, the deputy chairman of the committee, Yaroslav Zheleznyak, announced that a number of changes were proposed to this draft law before the second reading. Among them are the mandatory indication of ties with the Russian Federation in the labelling and advertising of the goods of such companies, the loss of benefits for "Diia City", loss of state support for investment projects with significant investments in Ukraine, loss of tax benefits for direct taxes, as well as the impossibility of obtaining a licence for gambling.

 

Read also: Ukraine accuses Hungary of funding Russian war crimes with energy deals

 

IC UAC according to Interfax-Ukraine


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