The National Bank of Ukraine claims that the 10% tax on foreign currency sales will have little impact on savings of ordinary Ukrainians.

"In fact, this tax will have influence on very few people. There are tons of ways to avoid it: put the money on deposit for a period of 30 days. Moreover, transfers from abroad in the amount of 150 thousand UAH are not taxable," head of the NBU Department for Foreign Currency Reserves and Implementation of Open Market Operations Oleksandr Dubykhvost told a conference "Ukrainian stock market - 2012", ForUm correspondent reports.

According to him, this tax will encourage Ukrainians to carry hryvnias, not dollars, in purses.

"And if you still want to use dollars, you will help Ukrainian pensioners and pay 10% to the Pension Fund," Dubykhvost said, noting that the funds from this tax would go directly to the Pension Fund of Ukraine.



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