Ukrainian government pledged to continue supporting domestic producers through the Tax Code incentives and budgeting tools, Prime Minister Mykola Azarov said at the Cabinet’s meeting, ForUm correspondent reports.

"So, next year, the income tax rate will be reduced from 21% to 19%", Azarov said.
In his view, the innovation and investment development model is crucial for the further economic development of the state.

"So, for example, income tax rate will be only 5% for the program production industry companies. We are to continue providing tax concessions for the income tax invested in energy efficiency. We will continue "tax holidays" for income tax for the light, shipbuilding and aircraft industries, companies of machine building for agriculture," the Prime Minister promised.

He also hoped that the total investment resource will stay in the real economy through tax incentives and will reach almost 71 billion UAH next year.



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