Draft Law of Ukraine

"On Amendment and Addition of Some Laws of Ukraine on Taxation"

The draft determines the regime for taxing subjects of non-governmental pension provision, according to which:

• amounts of incomes of non-governmental pension funds are exempted from taxation with enterprise profit tax;
• gross expenditures of a taxpayer can include fees to non-governmental pension funds in favor of hired employees at the rate not exceeding 15% of an employee's salary;
• assets of non-governmental pension funds are included into the list of assets, which can not be used as a source for repaying tax debt;
• services on administering non-governmental pension funds are exempted from taxation with value added tax.

The draft aims at creating favorable conditions for developing the third level of the system for pension provision in Ukraine and is alternative to draft laws N 4485  and N 4485-1.