You're reading: Parliament approves new tax code with Yanukovych proposals

The Verkhovna Rada, Ukraine's parliament, has voted on Ukrainian President Viktor Yanukovych's proposals to the Tax Code and approved the new wording of the code.

A total of 268 MPs out of the 417 registered in the parliament’s session hall on Thursday voted for the decision.

First Deputy Head of Ukraine’s Presidential Administration Iryna Akimova presented the president’s proposals to the Tax Code at a parliament meeting on Thursday.

The Nov. 18 approval of the initial version of the Tax Code by the Verkhovna Rada triggered mass protests. Businessmen, outraged by the cancellation of tax privileges, rallied on Independence Square in Kyiv, pressing Yanukovych to veto the document.

On Nov. 30, as he was leaving for Astana to attend an OSCE summit, Yanukovych announced that he had vetoed the Tax Code.