Chernihiv city Council established exemptions from payment of land tax for business

the Deputies of Chernihiv city Council August 11, voted for the establishment of exemptions from payment of land tax for the business that uses the designation of land for industry, transport and residential and public buildings. These benefits will apply from 1 September 2016. According to the decision of the city Council, reduced taxes on land owned by: - citizens, physical persons-entrepreneurs, enterprises, institutions and organizations and are related to the category of "industrial lands" in the amount of 1/S, in the absence of such entities tax debt as at 1 September 2016; - citizens, physical persons-entrepreneurs, enterprises, institutions and organizations and are related to the category "land transportation" in the amount of 1/3, in the absence of such entities tax debt as of 1 September 2016. - citizens, physical persons-entrepreneurs, enterprises, institutions and organizations and categories related to item 5.1.9 of the "lands of residential and public buildings, industry and other land-use categories commercial use, including occupied current building and is reserved for future construction" of Annex 4 to the decision of the Chernihiv city Council on January 30, 2015 "On local taxes" in the amount of 1/3, in the absence of such entities tax debt as of 1 September 2016.*/blockquote The need to provide additional benefits on payment of land tax tied to snow economic situation, and also the fact that in 2016 the fee in the form of land tax has increased for business more than doubled (to 243 %). It is expected that these benefits will contribute to the preservation of the manufacturing sector in the city economy and improving the investment attractiveness of Chernihiv. During the discussion of this question at plenary session of the mayor Vladislav Atroshenko, said: "I Bring to the attention of deputies and all those present that the aggregate benefits of individuals and legal entities amount to approximately 20 million shortfall the city budget funds." Therefore new incentives should not be provided indiscriminately, but carefully. The mayor stressed that the issue of exemption from land tax of physical persons, the city Council already decided earlier by this principle. They are not given all the landowners in a row, including wealthy and socially vulnerable segments of the population who receive subsidies. In addition, the future mayor noted that all questions on the benefits and social costs should be taken 1 time per year when is the budget. The press service of the Chernihiv city Council

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Source: http://uzinform.com.ua/

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