Reducing tax on deposit income to 15% is appropriate - NBU

17:24, 02.11.2015 1 min read

The National Bank of Ukraine (NBU) believes it is appropriate to reduce the tax on individuals' deposit income to 15% from 20%, NBU Head Valeriya Gontareva has said.

"We actually believe that 20% is probably too much for this market and for passive income," she said at a meeting with members of the American Chamber of Commerce.

According to her, individuals' passive income from all kinds of operations in the world are taxed at the same rate, while in Ukraine the tax on individuals' deposit income is 20%, on dividends - 5%.

"We say: let's include income from deposits, securities, any type of passive income received by investor clients and impose tax at a rate of 15%... This will be a good equalizer. The Ministry of Finance previously declined our proposal... We are fighting for it," Gontareva said.