The President dismissed foreigners from tax on income on government bonds

Poroshenko enacted appropriate Law.

Now, non-residents are exempt from tax on income earned from the ownership of state and municipal bonds or loans which are guaranteed by government bonds. Law was published in the Official Bulletin and enter into force on the 27-th of May.

Recently, foreigners income on state and municipal bonds taxed on a 15 % rate of from 01.01.2015. Investors were concerned with the existence of this tax on income from government securities and stated that such tax is one of the main factors affecting their decision to purchase Ukrainian bonds.

In view of this, Verkhovna Rada adopted aforementioned amendments to the Tax Code and freed foreigners from this tax.