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 Starting 1 January Ukrainians Will Have to Pay Tax on Registering Real Estate

The Verkhovna Rada of Ukraine adopted the Law of Ukraine "On Amendments to the Decree of the Cabinet of Ministers of Ukraine ‘On State Duty’ regarding the state registration of rights on real estate."

UNIAN reports that the decision was voted by 233 of 277 deputies registered in the session hall.

This law provides that the state fee is charged for the state registration of real estate ownership; for state registration of a real right on real estate, for encumbrance of rights for real estate. For state registration of real property ownership a special tax will be charged in the amount of 7 tax-free minimum incomes of citizens and for the state registration of another right for real estate, encumbrance of right for real estate - three tax-free minimum incomes.

This law shall come into force on 1 January 2013.

 
 
 
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