You're reading: NBU hopes law on 15% tax from currency sale to be passed without major changes

There will not be major changes to the bill foreseeing the introduction of a 15% pension duty for the Pension Fund during the sale of foreign currency, the chairman of the National Bank of Ukraine (NBU) committee for prevention of unfair currency transactions, Yuriy Horshkov, told Komsomolska Pravda in Ukraine newspaper in Kyiv on Thursday.

“The core of the draft law will not change,” he said.

Horshkov said that the technical adjustments could be made to the document.

He expressed hope that the bill will be adopted as soon as possible.
He again said that the document intends to prevent currency speculation.

Horshkov added that from the moment of the appearance of information
on the bill the sale of foreign currency by the public has grown by 50%.

As reported, the draft law submitted by the head of the profile
parliamentary committee Vitaliy Khomutynnyk aroused a protest, including
in parliament, and it was rejected on November 20, 2012.

It is expected that the bill will be discussed at the last plenary session of the present parliament on December 4, 2012.

The NBU insists that the bill will not affect the interests of
citizens, as it foresees the exemption of funds converted from currency
deposits, currency T-bills and funds on bank cards.

Its opponents are confident that it will resume the shadow market and will not achieve its aims.