Businesses in frontline areas will be exempt from local taxes
15 April 2024 16:28
The Government has adopted amendments to the procedure defining the mechanism for providing additional subsidies to local budgets. From now on, local authorities will be able to exempt businesses in the frontline areas from local taxes. This was reported by Komersant ukrainskyi 
citing the Ministry for Reintegration of the Temporarily Occupied Territories of Ukraine.
It is noted that due to constant shelling in the frontline areas, property of enterprises that pay local taxes is often damaged.
“Now, in 2024, local authorities will be able to exempt businesses from land tax, real estate tax and single tax. And the Government will compensate local budgets for the shortfall in funds from the state budget,”
– the statement said.
It is clarified that this refers to the territories where military operations are (were) conducted, according to the List approved by the order of the Ministry of Reintegration.
“Such a decision is necessary, in particular, for the business of the Kharkiv region, which suffers significant damage due to indiscriminate shelling by the Russian Federation,”
– the Ministry of Reintegration added.
