According to the National Statistics Service of Ukraine, the consumer price index in 2014 was 124.9%, the press-office of the National Fiscal Service reports.
Given the said above changes in price of consumer goods, the rate of indexation applied to calculate the statutory value of rateable land, including agricultural land, borough land and others used for non-agricultural purposes is calculated as set out in par 289.2 of article 289 of the Tax Code of Ukraine; as of January 1, 2015, it was 1.249.
According to the Ukraine’s National Agency for Land Resources, this requirement is set out in par. 289.3 of article 289 of the Tax Code of Ukraine.
The rate of indexation for monetary value is applied cumulatively depending on the date of land valuation. The rates of indexation applied to assess the land value are: 1996 – 1.703; 1997 – 1.059; 1998 – 1.006; 1999 – 1.127; 2000 – 1.182; 2001 – 1.02; 2005 – 1.035; 2007 – 1.028; 2008 – 1.152; 2009 – 1.059; 2010 – 1.0; 2011 – 1.0; 2012 – 1.0; 2013 – 1.0; 2014 – 1.249. The statutory value of land plots for 2002, 2003, 2004 and 2006 has not been indexed. The cumulative rate of indexation used since 1995 for land appraisal was 3.997 as of January 1, 2015.
