Kharkiv entrepreneurs received tax benefits
In the City of Kharkiv, individuals, legal entities, and non-profit organizations received benefits from paying taxes on land and real estate.
The corresponding decision was made today, April 30, at an extraordinary session of the City Council.
According to the decision, from April 1 to June 30, 2024, the tax liability for individuals, legal entities and entrepreneurs was canceled after charging rent for communal land plots. The land tax rate for plots of individuals and legal entities will be 0% of their normative monetary value.
Also, during this period, the tax rate for real estate (unless it is a plot of land owned by legal entities) is set at the level of 0%.
In addition, single tax payers of the fourth group were granted a 100% reduction in tax liabilities.
As reported in the Department of Budget and Finance, the adopted decision will contribute to the support of businesses and citizens of the City who, despite the constant risks, continue to work in the front-line territory.
Provided that an additional subsidy is received from the state budget to the budget of the Kharkiv City Territorial Community, the benefits will be extended for every three subsequent months.
Mayor of Kharkiv Ihor Terekhov said that the benefits will result in a loss of about UAH 1 billion from the City budget.
"By canceling the tax on land and real estate, we will help our business, which, despite the difficult conditions of wartime, works in Kharkiv. We have a certain agreement with the government, and subject to a subsidy from the state, we will be able to extend the benefits provided. In this way, we will balance," said the Mayor.