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Newsletter № 11. Quarantine innovations for business envisaged by the Law № 591

, published 29 May 2020 at 15:40

State Tax Service explains the innovations envisaged by the Law of Ukraine as of 13.05.2020 № 591-IX “On amendments to the Tax Code of Ukraine and other Laws of Ukraine on additional support to the taxpayers for the period of measures aimed at preventing occurrence and spread of the coronavirus Disease (COVID- 19)”.

The Law introduced a number of changes, specifically, to the Tax Code of Ukraine and the Law of Ukraine “On collection and accounting of the single social contribution to compulsory state social insurance”.

As follows, the introduced changes regarding the extension of tax preferences previously introduced by the Law as of 17.03.2020 № 533 and 30.03.2020 № 540, as well as additional benefits.

Local authorities have the right to approve decisions on reducing rates of the land and / or real estate tax other than land payment for the non-residential real estate in 2020 under a faster procedure.

Read more about these and other innovations in the Newsletter “Quarantine innovations for business envisaged by the Law № 591”.

The newsletter can be downloaded here.