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Ukraine's local budgets to receive 100% of proceeds from single tax paid by farmers

(MENAFN - UkrinForm) In 2018, Ukraine's local budgets will receive 100% of proceeds from the single tax paid by the agricultural producers as well as 5% of rental payments for subsoil use for oil, gas and gas condensate production.

Vice Prime Minister of Ukraine Minister of Regional Development, Construction, Housing and Utilities of Ukraine Hennady Zubko posted this on his Facebook page.

"There are some innovations regarding the local budget revenues: they will receive 5% of rental fees for the use of subsoil for oil, gas and gas condensate production. The rental fees will be credited in the following amounts: 3% to the budgets of the cities of regional significance and of the unified territorial communities, 2% - to the regional budgets, 2% - to the district budget, 1% - to the village and town (towns of regional significance) budgets. In addition, starting from this year, the local budgets will receive 100% of proceeds from the single tax paid by the agricultural producers," Zubko wrote.

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