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 Ministry of Finance Wants to Raise Land Tax by Three Times

The government plans to significantly increase revenues of local budgets by raising rates for the land tax in 2014.

Kommersant-Ukraine notes that the Ministry of Financeprepared amendments to the Tax Code which propose to revise therate of payment for the land from 1 January 2014, raising them bythree times. Currently the tax rate for arable land, hayfields andpastures is 0.1% of the normative monetary estimate per 1 hectare,or more than 20 hryvnias with the average regulatory assessmentbeing 20.6 thousand as of January 1, 2012. However in a year thefee can amount to at least 68 hryvnias.

Areas of farmlandto perennial rate will be charged at 0.09% instead of 0.03%. Thesame tax rate will be collected from the users of forest land whonow only pay for the special use of forest resources. In addition,it is proposed to raise the rate for all other categories of landfrom 1% to 3% of the normative estimate of the non agriculturalland.

Rent for the useof the land cannot be less than the tax rate. Now, according to theTax Code, this rule applies only to agricultural land and otherland cannot be leased for less than three times the amount of landtax. All these changes are aimed at increasing local budgetrevenues state the materials of Finance Ministry. In 2012, itreceived about 11.7 billion UAH of land tax.

At the same time,the Finance Ministry proposes to deprive space, vessel, aircraft,and film industries of benefits on payment of land tax that were ineffect until 2015-2016.


Источник: https://en.censor.net.ua/n230119
 
 
 
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