LAW OF UKRAINE

of February 4, 2020 No. 490-IX

About introduction of amendments to the Tax Code of Ukraine concerning streamlining of the size of rate of rent payment for use of natural resources for amber production

The Verkhovna Rada of Ukraine decides:

I. Bring in the Tax code of Ukraine (Sheets of the Verkhovna Rada of Ukraine, 2011, Art. No. No. 13-17, 112) the following changes:

1. In Item 252.20 of Article 252 the word and figures "25,00 amber" to replace with the word and figures "10,00 amber".

2. To add subsection 9-1 of the Section XX "Transitional provisions" with Item 3 following of content:

"3. Temporarily to establish the rate of rent payment for use of natural resources for amber production determined by Item 252.20 of Article 252 of this Code:

till December 31, 2020 inclusive - in the amount of 5 percent;

till December 31, 2021 inclusive - in the amount of 8 percent".

II. Final provisions

1. This Law becomes effective from the date of, its publication following behind day.

2. To the Cabinet of Ministers of Ukraine within three months from the date of entry into force of this Law:

bring the regulatory legal acts into accord with this Law;

provide reduction by the ministries and other central executive bodies of their regulatory legal acts in compliance with this Law.

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