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Tax incentives adopted

23 October 2012

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Proposed Changes

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Ukraine

On 6 September 2012, the parliament adopted amendments to the Tax Code and Customs Code with the view to stimulate investments in innovative and high-technology industries, create new jobs and develop regions. The proposed measures are summarized below: -   Corporate income tax may apply for qualifying investment projects activities at the following reduced rates:     -   0% – from 1 January 2013 till 31 December 2017; -   8% – from 1 January 2018 till 31 December 2022; and -   16% – from 1 January 2023. -   The accelarated depreciation method may apply for fixed...