A. Yatseniuk: Only income on deposits of more than UAH 50 thousand should be taxed
Prime Minister of
Ukraine Arsenii Yatseniuk considers
that taxation of incomes received from investment of funds on deposit, shall
apply only to accounts that exceed UAH 50 thousand. He said this during a session
of the Government Wednesday, March 19.
He recalled that one
of the proposals of the Ministry of Finance regarding amendments to tax system is
the taxation of incomes received from investment of funds on deposits.
Arsenii Yatseniuk stressed
that he is an opponent to the idea that all income from deposits will be taxed.
The Prime Minister said that according to his income declaration for 2013,
interest income from investment of funds on deposit was amounted to UAH 614000,
of which, under current law, he "did not pay any tax rate."
"I think it's
wrong. That is, those who receive significant revenue should share with the
country. That is why we need to tax, including my income, and the citizens of
At the same time, as the
Prime Minister said, he opposes taxation of income on deposits of the Ukrainians,
"who have small savings."
Arsenii Yatseniuk noted that
nearly 90% of the Ukrainians have deposits in the amount of UAH 50000: "Incomes
on such deposits should not be taxed. And 10% of the riches have to share with
the country and society - this is the right approach, it happens everywhere."
"On the one hand,
we will solve the problem so that persons invest money for deposit, on the
other hand - this is a matter of social justice and help to the country. If you
get hundred thousands of income – you should give a part to the society,"
he said.
Arsenii Yatseniuk also
informed, that he would address with the appropriate propositions to the Parliament,
"where there are also the 10% of the Ukrainians, who receive significant
revenue from investment funds on deposit."