Ukrainian President Volodymyr Zelensky expects that capital amnesty will be introduced in 2020, and the respective legislative initiative will be registered in the Verkhovna Rada soon. “We will introduce amnesty this year. We have to do it, we agreed on it and promised people. But now there were offers for the percent – 5% both for money and real estate… I think today the situation in the country is difficult, we need to think about these percent. If a person has any real estate or other facilities, this percentage should be relaxed,” the president said at a press conference on Wednesday.
“Perhaps real estate can be amnestied at a lower percentage or even at zero,” he added.
”We need to turn this page of history so that all Ukrainians would like to be taxpayers,” the head of state said.
Earlier, tax amnesty bill No. 1232 proposed a mechanism for individuals to declare hidden income, the tax rates of 5% and 10%, as well as a lowered 2.5% rate when investing in government domestic loan bonds.
