LAW OF UKRAINE

of December 23, 2015 No. 903-VIII

About introduction of amendments to the Tax Code of Ukraine concerning the project of upgrade of the Bortnichesky station of sewage treatment

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. To state subitem 140.4.1 of Item 140.4 of Article 140 in the following edition:

"140.4.1. On the amount of imputed incomes from equity participation of other income tax payers of the companies, payers of the single tax of the fourth group and on the amount of imputed incomes in the form of the dividends which are subject to payment in its advantage of other taxpayers who pay advance installments on the income tax in case of dividend payout".

2. In the Section XX "Transitional provisions":

Subsection 1 to add 1) with Item 9 of the following content:

"9. Temporarily, for project implementation of upgrade of the Bortnichesky station of sewage treatment within project implementation "Reconstruction of constructions of purification of waste sewer waters and construction of processing line on processing and utilization of rainfall of the Bortnichesky station of aeration", approved by the Cabinet of Ministers of Ukraine (further - the Project), are not subject to the taxation income tax the income added (paid, provided) to citizens of Japan (irrespective of their resident status) the Japanese subjects on project implementation in the form of the salary and/or remunerations under civil agreements. The specified release is applied only to that part of the income which is connected with project implementation.

Can be the Japanese subject on project implementation:

a) the legal entity who is resident of Japan and registered according to the legislation of Japan;

b) the permanent mission of the legal entity who is resident of Japan registered in Ukraine and registered according to the legislation of Japan;

c) the legal entity, being affiliated enterprise of the legal entity which is resident of Japan also is registered according to the legislation of Japan;

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