The Cabinet of Ministers of Ukraine proposes the Verkhovna Rada to fix that revenues of individuals- borrowers, which come from cancellation (forgiveness) by the lender of the part of a loan in accordance with regulations of the Law On Restructuring of Liabilities of Citizens of Ukraine under FX loans, Disbursed for Housing Purchase (Mortgage Loans)”, are exempt from taxation on individuals’ revenues, RBC-Ukraine reports.
The relevant draft law №4005 was registered in the Rada on February 3, 2016.
“The purpose of the draft law is the creation of effective mechanism on regulation of problem issues, related with repayment of exposure, denominated in foreign currency in accordance with established by the Law of Ukraine On Restructuring of Liabilities of Citizens of Ukraine under FX Loans, Disbursed for Housing Purchase (Mortgage Loans)”, - as it is said in the explanatory note.
It should be reminded that the draft law №4004, registered in the Verkhovna Rada of Ukraine On Restructuring of Liabilities of Citizens of Ukraine on FX Loans, Disbursed for Housing Purchase (Mortgage Loans)” stipulates restructuring for 37 thousand Ukrainian families.
