The Verkhovna Rada Committee on Economic Policy, Management of the National Economy, Property and Investments is working on a comparative table for the second reading of the bills "On the Special Economic Zone 'Interport Kovel'" and "On Amending Certain Legislative Acts of Ukraine on Taxation in Connection with the Creation of the Special Economic Zone 'Interport Kovel'." The bills propose delegating certain governmental powers (licensing of activities, regulation of land relations, control, etc.) to the administration of the special economic zone "Interport Kovel," as well as to the council on issues of development of the special economic zone. As LIGABiznesInform was informed in the Information Department of the Verkhovna Rada, the special economic zone "Interport Kovel" is being created for the purpose of developing the international transport corridor Gdansk – Odesa, attracting investments, developing foreign economic relations, and transport-production infrastructure. The subjects of the FEZ "Interport Kovel" are legal entities established on the territory of the FEZ that have concluded an agreement (contract) on the implementation of an investment project on the territory with a value equivalent to no less than 250 thousand US dollars, and are registered in the established procedure as subjects of the special economic zone. In the special economic zone "Interport Kovel," a special preferential taxation regime is established, according to which the profit of FEZ subjects is taxed at a rate of 20%. This provision does not apply to the part of profit received from making investments at the expense of budget funds of all levels and funds of the State Innovation Fund. Income received by non-residents from conducting economic activity is taxed at the rate of 2/3 of each tax rate provided for by Article 13 of the Law "On Taxation of Enterprise Profit."
Bills on the free economic zone "Interport-Kovel" are being prepared for second reading
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