Ukraine will stop levying 1.5% war tax on coupon and investment incomes on government domestic loan bonds due to changes in legislation. The relevant changes are stipulated in Law No. 466-IX “On amendments to the Tax Code regarding the improvement of tax administration, the elimination of technical and logical inconsistencies in tax legislation”, adopted by the Verkhovna Rada in January.
“This is a big step forward in making government bonds more popular with households. It’s necessary to ease their access to the market and widely inform about it so that the purchase of government bonds becomes as simple and understandable as opening a bank deposit,” Head of the ICU’s brokerage services department Yevgeniya Gryshchenko said.
“After all, the bonds win in terms of reliability, and their profitability is attractive. The next and close step in promoting this tool will be the opportunity for individuals to open a securities account remotely and buy or sell bonds without leaving home,” she said.
The changes in the legislation do not require any additional actions from the holders of securities, as the respective taxation will be suspended automatically. (UNIAN/Business World Magazine)