As an Ukrinform correspondent reports, the Law of Ukraine "On Amendments to the Tax Code of Ukraine on the Abolition of Taxation of Income Received by Non-Residents in the Form of Payment for Production and / or Distribution of Advertisements and Improvement of Value-Added Taxation of Transactions involving the Supply of Electronic Services by Non-Residents to Individuals" was supported by 283 lawmakers at second reading.
The law supplements the Tax Code with norms on the abolition of taxation of income received by non-residents in the form of payment for production and / or distribution of advertisements and norms on the improvement of value-added taxation of transactions involving the supply of electronic services by non-residents to individuals.
It is expected that the law will ensure fair tax conditions for national and international non-resident companies that provide electronic services in Ukraine. The introduction of the rules will contribute to additional state budget revenues.
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