3% will be collected from investments over 1 million UAH
The Ministry of revenue and duties proposes within the luxury tax include 3% tax on contributions to equity, securities and corporate rights worth over 1 million UAH, Kommersant-Ukraine reports.
It is planned to impose the tax on individuals and legal entities, residents and non-residents possessing corporate rights, securities, and contributions to the statutory capital of companies in Ukraine.
In turn, the business community believes that this tax would make investments in the economy unprofitable.
If amendments to the Tax Code are adopted, the new tax will be the third charged on transactions with financial instruments.
