The victory of the tax amnesty will be the withdrawal of $20 billion from the informal economy, Head of the Verkhovna Rada Committee on Finance, Tax and Customs Policy Danylo Hetmantsev has said.
“I think it will be a victory if we withdraw up to $20 billion from the informal economy,” the MP said on the air of the program Freedom of Speech of Savik Shuster on Friday evening, March 5.
At the same time, according to him, it is difficult to predict the possible income of the government from the legalization of such assets.
“The fiscal goal is not the priority goal [of the tax amnesty],” Hetmantsev said.
As reported, President of Ukraine Volodymyr Zelensky registered in parliament a package of bills on tax amnesty, namely, bills No. 5153 (amendments to the Tax Code), No. 5154 (amendments to the Budget Code), No. 5155 (amendments to currency legislation), as well as bill No. 5156 with amendments to the Criminal Code and other laws. The bills propose a tax amnesty with a special duty rate for one-time declaration of 5% for currency valuables deposited in bank accounts in Ukraine and other assets in Ukraine, as well as at a rate of 9% for currency in bank accounts and other assets located abroad.
Israeli Ambassador to Ukraine Joel Lion has condemned the decision of Ternopil City Council to name the city stadium after the Hero of Ukraine, Commander-in-Chief of the Ukrainian Insurgent Army Roman Shukhevych.
“We strongly condemn the decision of Ternopil city council to name the City Stadium after the infamous Hauptman of the SS Schutzmannschaft 201 Roman Shukhevych and demand the immediate cancellation of this decision,” the Ambassador wrote on Twitter on Tuesday.
On March 5, a session of Ternopil City Council made a decision to name the city stadium as “Ternopil City Stadium named after Roman Shukhevych.”
Ukrainian metal companies in January-February 2021 increased earnings from exports of ferrous metals by 8.2% compared to the same period last year, to $1.51 billion.
According to updated statistics released by the State Customs Service, the share of ferrous metals of total FX earnings was 17.82% compared with 17.2% a year ago.
In February, earnings from exports of ferrous metals amounted to $764.6 million.
At the same time, Ukraine reduced imports of similar products by 12.1% in January-February 2021, to $121.53 million. In February, this figure was $63.798 million.
In addition, Ukraine increased exports of metal products by 5.7% in the first two months of 2021, to $140.613 million. In February, their export amounted to $77.148 million.
During this period, imports of metal products increased by 1.4%, to $125.407 million. In February, they were imported for $72.504 million.
As reported, in 2020, Ukrainian metal companies reduced earnings from exports of ferrous metals by 12% compared to the previous year, to $7.690 billion. At the same time, Ukraine in 2020 reduced imports of similar products by 17%, to $1.040 billion.
MetinvestB.V. (the Netherlands), the parent company of a vertically integrated group of steel and mining companies, has established control over the largest Ukrainian producer of coking coal, PrJSC Pokrovske Mine Management (Donetsk region), of which the group became a minority shareholder in 2018.
According to the company’s statement in the information disclosure system of the National Securities and Stock Market Commission with reference to the information received on March 5 from Metinvest B.V., on March 4, 2021, the company received the ownership of a controlling stake in PrJSC Pokrovske Mine Management.
“On March 4, 2021, Metinvest B.V., as a result of the acquisition of shares in the charter capital of Industrial Coal Holding (ICH), became indirectly the owner of 486148489 common registered shares of PrJSC Pokrovske Mine Management, became (directly and indirectly) the owner of 67.28% of the charter capital of PrJSC Pokrovske Mine Management,” according to the information of the enterprise in the commission.
At the same time, it is noted that, taking into account the above, the company Metinvest B.V. on March 4, 2021, it acquired the ownership of a controlling stake in PrJSC Pokrovske Mine Management. The highest price at which Metinvest B.V. and its affiliates acquired shares in PrJSC Pokrovske Mine Management is UAH 12.80 over the last 12 months.
National bank of Ukraine’s official rates as of 09/03/21
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of March 09
One troy ounce=31.10 grams
