Tax code changes planned
The Head of the State Agency on Science, Innovations and Informatization of Ukraine Volodymyr Semynozhenko announced SASII’s plans to improve tax legislation in the field of scientific and technological activities, the agency’s press service reports.
«We plan to release from value added tax transactions of scientific research and the scientific and technological developments funded by grants from international organizations, including importation into Ukraine scientific equipment provided for free», Head of the SASII said.
In addition, according to the official, will be studied the possibility of exemption of VAT budget implementation by research institutions and establishments R & D on the basis of commercial contracts with domestic customers.
«We hope that this situation will stimulate private business. To implement these plans it is necessary make changes to the Tax Code of Ukraine», Volodymyr Semynozhenko said.
