Advertising

Tigipko: Introduction of 15% levy on currency sales will lead to no good

Author: Interfax-Ukraine All articles by this author

More about Interfax-Ukraine


Nov. 27, 2012 18:09
215 159
Vice Prime Minister and Social Policy Minister Sergiy Tigipko has slammed the possible introduction of a 15% obligatory pension levy on currency sales by individuals.
Photo by www.president.gov.ua

Vice Prime Minister and Social Policy Minister Sergiy Tigipko has slammed the possible introduction of a 15% obligatory pension levy on currency sales by individuals. 

"I take this very negatively. This will lead to no good – [it will] only strengthen the shadow market," he told journalists in Kyiv on Tuesday.

As reported, the head of the parliamentary committee for finances, banking operations, tax and customs policies, MP Vitaliy Khomutynnyk, on November 16 registered bill No. 11433 on the introduction of a 15% fee to the Pension Fund from the sale of cash foreign currency by individuals.

The NBU estimated the volume of individuals' cash foreign currency at $50 billion.

The Verkhovna Rada last week postponed the consideration of the bill for an indefinite period. 

Tags:


215 159

The Kyiv Post is hosting comments to foster lively public debate through the Disqus system. Criticism is fine, but stick to the issues. Comments that include profanity or personal attacks will be removed from the site. The Kyiv Post will ban flagrant violators. If you think that a comment or commentator should be banned, please flag the offending material.

comments powered by Disqus

Read more in {{sectionName}} section

All in {{sectionName}} section

SUBSCRIBE TO KYIV POST NEWSLETTERS