Parliament plans to abolish the taxation of pensions

Рада планирует отменить налогообложение пенсий

The Verkhovna Rada of Ukraine (VRU) intends to exempt pensions from taxation. In the governmental bill No. 4542 “On amendments to the Tax code of Ukraine regarding exemption from taxation of the pensions in the first reading as the basis voted 307 MPs.

Also, the Parliament 278 votes supported the preparation of the document for the second reading of a shortened procedure.

It should be noted that along with the bill of the Cabinet were considered six its alternatives. After a long discussion it was decided to put to the vote the government’s option, however, it was stated that in preparation for the second reading will take into account proposals of alternative documents.

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We will remind, today the Parliament adopted the law “On amendments to the law of Ukraine “On state budget of Ukraine for 2016″ (regarding social standards and the amount of subventions on the provision of benefits and housing subsidies),” which since December 1, 2016, has increased social standards. In particular, the subsistence minimum on one person counting on the month will be 1544 USD, minimum monthly wage is UAH 1600.