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The Verkhovna Rada of Ukraine adopted a draft law in the development of which were participated lawyers of Juscutum law firm

Today the Verkhovna Rada of Ukraine in first reading adopted the draft law № 9744, on which, in particular, was working specialists of Juscutum law firm. The norms of this draft law introduce a tax on individual income at 5% and cancel the VAT for IT-companies.

Remind that on 22d of December 2011, the Verkhovna Rada of Ukraine in the first reading approved the draft law № 8267 “About economic experiment of creation the favorable conditions for development the industry of software products in Ukraine ” in the development of which also was involved Juscutum legal advisers company. For the adoption of the document in first reading was voted 277 cards of deputies. Projects 8267 and 9744 (as modified version of 8268) are in tandem – the first describes the conditions of tax experiment, the second – that changes in the Tax Code that are required to enter privileged mode.