Rada intends to exempt charitable SMS from taxation

Рада намерена освободить благотворительные SMS-сообщения от налогообложения

The Verkhovna Rada of Ukraine (VRU) is going to release a charity SMS from taxation. The corresponding bill No. 2297 “On amendments to some legislative acts of Ukraine on creation of favorable conditions for the implementation of charitable text messages” in first reading based was supported by 252 MPs.

The document amends the laws of Ukraine “On charitable activities and charitable organizations”, “On financial services and state regulation of financial services markets”, “On payment systems and funds transfer in Ukraine”, “on collecting the mandatory state pension insurance” to provide a definition of charity text messages and the release of this type of charity from taxation.

“The proposed law changes will allow the charity to release text messages from the net that will provide the transfer to charity all of the claimed amount by the subscribers and will provide an opportunity for telecommunication operator to compensate for taxes which were paid upon receipt of payment from the subscribers”, – stated in the explanatory Memorandum to the bill.

Related news: Poroshenko in January-February listed with salaries to charity more than 58 thousand UAH

Before the adoption of the bill in the first reading, it was agreed that in the process of preparing the document for second reading will take into account a number of alternative positions of the bill number 2297-1 “On amendments to some legislative acts of Ukraine on creation of favorable conditions for implementation of charity voice and text messages.

In addition, parliamentarians 230 votes supported in the first reading the draft law No. 3467, which actually complements №2297 and contributes to the Tax code of Ukraine changes, exempting charitable telecommunication message from the payment of value added tax.

We will remind, the tax Committee of the Parliament recommended to the Parliament to remove the tax on pensions, approving bill No. 4542-4.