04.05.2022 16:20:00

The Ukrainian Parliament will oblige companies operating in Russia to indicate this in marking and advertising

The Ukrainian Parliament will oblige companies operating in Russia to indicate this in marking and advertising

Whereas previously the increased profit tax rates were in the first place among the restrictive measures against companies continuing to operate in the aggressor country, deputies now propose to oblige such companies to indicate this information on products and advertising.

Draft Law No. 7232 provides that a ratio of 1.5 to the rates of corporate income tax, environmental tax, rent and property tax is set for international companies, whose divisions continue to operate in the Russian Federation. The companies may be relieved of the increased tax burden, when they cut economic ties with Russia.

According to Liga.net, the Draft Law also provides that marking and advertising of such companies in Ukraine shall indicate information about ties with the Russian Federation. Moreover, the companies will be deprived of certain privileges on rent, property tax, term of payment of taxes during martial law. They will be prohibited from choosing the Action mode. The Tax Committee supported the Draft Law for adoption in the second reading.

Source: https://rau.ua/

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