The HO NFS in Ternopil oblast informs that the Verkhovna Rada of Ukraine has adopted the Law on amendments to the Tax Code of Ukraine completely describing the taxation process and defining non-profit organizations. According to the law, non-profit organizations cover:
governmental institutions; civil society organizations, political parties, artists associations, religious organizations, charities, pension funds;
unions, associations and other legal entities;
housing co-operatives (from the first day of the month after the month in which, according to the law, a residential building was commissioned, given that this residential building has been constructed or acquired by the construction (or housing) cooperative;
suburban (villa-building) horticultural and garage (garage-construction) cooperatives (societies); condominiums, associations of residential building owners;
trade unions and their associations, employers' organizations and their associations;
agricultural service cooperatives, cooperative agricultural associations, other legal entities.
The Law has detailed tax requirements for non-profit enterprises, tax payments terms, personal-income tax-associated charity, etc. The draft law was registered under No.2049, as has been reported by the NFS’s PR and Media Service.
