LETTER OF THE STATE TAX SERVICE OF UKRAINE

of December 31, 2012 No. 12917/0/71-12/15-1317

About changes of the tax legislation

For the purpose of proper administration and timely receipt in the budget of the income tax of the companies the State Tax Administration of Ukraine provides for use in work the information letter of the changes which are rather accepted by the Verkhovna Rada of Ukraine to the tax legislation regarding the taxation of profit of the companies which begin to be applied since 01.01.2013.

So, such changes made by legal acts to the Tax code of Ukraine become effective (further - the Code):

1. The law of Ukraine of 05.07.2012 No. 5091-VI "About modification of the Section XX "Transitional provisions" of the Tax code of Ukraine concerning features of the taxation of subjects of the industry of program products" (further - the Law No. 5091) which subsection 10 of the Section XX of the Code is added with Item 15.

Legislative changes provide temporary, from 01.01.2013 to 01.01.2023, application for subjects of the industry of program products of reduced rate of the income tax of the companies in the amount of 5 percent from implementation of types of economic activity.

Also we note that subjects of the industry of program products can apply features of the taxation of the income tax in case of implementation of types of economic activity, certain subitems 1.5 of the item. Law No. 5091.

At the same time subjects of the industry of program products for the purpose of use of features of the taxation of the income tax shall within the last four reporting (tax) quarters in total at the same time answer with it to criteria:

1) the specific weight of the income of the subject from implementation of types of economic activity shall make at least than 70 percent of the income from all types of economic activity on sales of goods, performance of works, provision of services;

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