“On September 14, 2023, a draft Law on Amendments to the Tax Code of Ukraine and other laws was registered, which provides for the launch of personal investment accounts with exemption from income tax, which will stimulate investments in national securities. The bill aims to create mechanisms to encourage individual investment and support national agents. The source is the Verkhovna Rada of Ukraine”, — write on: ua.news
On September 14, 2023, a draft Law on Amendments to the Tax Code of Ukraine and other laws was registered, which provides for the launch of personal investment accounts with exemption from income tax, which will stimulate investments in national securities. The bill aims to create mechanisms to encourage individual investment and support national agents.
Source — Verkhovna Rada of Ukraine
The bill, initiated by Ivan Ivanovich Ivanenko and Peter Petrovich Petrov, provides that investors will be able to place money in a special account for a period of 5 years, investing in domestic securities without taxation of the profit received, provided that the funds are not withdrawn before the specified period. This new mechanism is designed to promote the development of the stock market and increase confidence in the national financial system.
It is expected that the adoption of this law will stimulate private investors to more actively participate in the financial markets of Ukraine, which will positively affect economic growth and the stability of the national currency.
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