The Cabinet of Ministers of Ukraine has supported the draft Law on amendments to the Tax Code on the implementation of public-private partnership projects to regulate the taxation of taxpayers under the terms of agreements, including the concession ones to contribute to the growth of Ukraine’s economy and infrastructure development, create new jobs, attract foreign investments.
The available reform of the legislation of Ukraine in the field of PPPs, including concessions, has resulted in the adoption of the Law of Ukraine “On Concession” dated 3.10.2019 № 155-IX, which entered into force on 20.10.2019. In order to ensure the practical implementation of this Law, it is necessary to make amendments and additions to the Tax Code of Ukraine, in particular on the specifics of taxation of taxpayers under the terms of agreements concluded under the PPP, including concession agreements.
The Law “On Amendments to the Tax Code of Ukraine to Create Conditions for Infrastructure Modernization through Public-Private Partnership Projects, Including Concessions” will regulate the specifics of taxation of taxpayers under the terms of agreements concluded within the framework of public-private partnerships, including concession agreements. The changes will provide an opportunity to implement large-scale PPP projects.