The Verkhovna Rada has supported in the 1st reading the draft laws on compensation for investments through taxes.
Danylo Hetmantsev, MP from the Servant of the People faction, chairman of the Parliamentary Committee on Finance, Taxation and Customs Policy, has announced this on his Telegram channel, the Ukrainian News agency reports.
According to him, bills No. 13414 and No. 13415 were adopted in the first reading.
These draft laws launch a model of investment compensation through taxes, which will encourage businesses to move away from the raw material model and invest in the development of the processing industry.
The draft laws provide for preferential taxation conditions for 10 years (2026-2035) for investors implementing projects for the construction, modernization or technical re-equipment of enterprises, the purchase of equipment or land for production.
The amount of tax and customs benefits will depend on the amount of investment:
EUR 100,000 - 1 million - up to 70% of investments;
EUR 1 - 20 million - up to 50%;
EUR 20 - 50 million - up to 30%.
Benefits include:
exemption from income tax (provided that 90% of income comes from the sale of its own processed products),
exemption from VAT and customs duties on new equipment,
the possibility of land benefits from local authorities.
As the Ukrainian News agency earlier reported, the Verkhovna Rada previously extended tax and customs benefits for drones and their components for the next year.
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