Draft Tax Code equalizes income tax on securities and deposits

The draft Tax Code foresees a reduction in income tax on dividends, bonds and other securities of private persons to 5%, Head of Analytical Support Department at the State Commission on Securities and the Stock Market of Ukraine (SCSSM), Maksym Libanov, said at a press conference at Interfax-Ukraine on Wednesday.

"The commission, as a regulator of the securities market, has its own opinion regarding the tax accounting and taxation of operations with securities and incomes from these operations. For us, it is vitally important that the draft envisages a reduction in the income tax on dividends, bonds and other securities when private persons receive these incomes. This means that finally the tax rate on deposits and income from securities will be equalized: as expected this will be a 5% rate," he said.