According to Paragraph 252.20 Article 252 of the Tax Code of Ukraine, the tax liabilities from rent for the subsoil use for extraction of iron ore for the III quarter of 2020 are calculated in the amount of:
- 12.00% rate, if the average value of iron ore according to the IODEX index 58% FE CFR China, which is officially determined by the world news agency Platts, for the tax (reporting) period is 70 or more US dollars;
- 11.00% rate, if the average value of iron ore according to the IODEX index 58% FE CFR China, which is officially determined by the world news agency Platts, for the tax (reporting) period is less than 70 US dollars.