The Verkhovna Rada is working on a draft law on taxation of foreign exchange transactions associated with cash, a source from the Parliament informs.

According to him, this norm is offered to introduce from January 1, 2014, to allow the public not to pay a fee to the Pension Fund before the end of 2013. In future, all foreign exchange transactions associated with the redemption and payment of interest on bank deposits, as well as private remittances to individuals will be exempted from collecting fee. 

President of the Ukrainian Analytical Center Oleksandr Okhrymenko is not surprised by the appearance of such a document within the Parliament, because, in his opinion, the transactions of purchase and sale of currency should definitely be taxed.

"The tax should be mandatory. This will help reduce the share of dollarization of the Ukrainian economy, and most importantly - to reduce the "shadow economy", which makes extensive use of foreign cash for its illegal operations," the expert says.


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