Rada approved the rules governing the taxation of funds coming borrowers of foreign debts
The Verkhovna Rada adopted amendments to the tax rule, rules governing the taxation of funds coming borrowers government guaranteed external debt. according to the explanatory paper to the law, to such borrowers include state enterprise " Financing of infrastructural projects ", "Design Bureau" southern " and " Ukrmedpostach ", debt obligations which are repaid and maintained at the expense of funds of the state budget. In the exercise of debt transactions (as a result of cancellation of debt) to the subjects will be income according to accounting rules, the amount of such income will be excluded from the tax base on the profits of factories, reports RIA " Novosti ". In addition, Parliament adopted a law that defines the priority of the restructured debt. The document notes that the right to issue (placement) state the derivatives will have the state represented by the Ministry of Finance on behalf of the Ukrainian government. The rules of issue and allocation of the state derivatives will be determined by the Cabinet of Ministers of Ukraine. Service state derivatives will be carried out by the Ministry of Finance for the funds of the state budget for the relevant year." in order to ensure equality and non-discrimination of investors (lenders) are planned to establish the priority of payment of obligations of Ukraine on public external debt and state-guaranteed debt… over the payment obligations that have been included in the list, but for which there are no transactions " - written in the explanatory paper to the document. The deputies also passed a law that predusmatrivaet production of the new securities. "The draft law envisages the introduction of a new kind of securities - state derivative that is placed by the state on international stock markets and reaffirms the commitments of Ukraine to make payments to the owner of the securities in the case of achieving certain indicators of the gross domestic product of Ukraine ", - is written in an explanatory paper to the document. It is planned that the public issuance of derivatives will form part of the budget process and is not subject to regulation by the National Commission on securities and stock market. Appropriate decisions about the placement of the state derivatives and their placement will be taken in Accordance With the budget code of Ukraine and other legislative acts. All these packages governmental laws will allow the restructuring of the state dog of the country and its partial write-off. Before Thursday, the leader of the faction "Batkivshchyna" in the Verkhovna Rada Yulia Tymoshenko called trap restructuring the external debt of Ukraine, saying that in reality " there is no debt relief doesn't happen." And the Minister of Finance of Ukraine Natalie Jaresko has not excluded that in case of deterioration Kiev may require another restructuring of the public debt. In the late summer of Ukraine agreed With creditors to write off 3, $ 6 billion bond debt totaling approximately $ 18 billion. Against this background, the international rating Agency Fitch downgraded the long-term chart Issuer default ratings of Ukraine to the level of " default inevitable." While Kiev has asked the Russian Federation " to accept the rules of writing off other creditors ". Also, the Ukrainian side said that the Russian Federation in case of disagreement With the terms of the debt restructuring of Ukraine may enter into individual dialogues. However, the Minister of Finance Anton Siluanov said that Moscow will not do it.