In Zhytomyr region closest relatives will not pay inheritance tax
President Petro Poroshenko has signed the Law of Ukraine No. 1910-VIII "On amendments to the Tax code of Ukraine regarding the taxation of inheritance," which simplifies the probate to next of kin of the testator. The document was adopted by Parliament in second reading and in General by 278 votes on February 23 of this year. By law exempt from taxation by the tax to incomes of physical persons of the value of the inheritance, which the testator receive the members of his family of the second degree: brothers and sisters, grandmother, grandfather and grandchildren. Until that time the current Tax code provided for an exemption from taxation of the family of the deceased only the first line of kinship. The heirs of the first and second stages are also exempt from the necessity of assessment of inherited heritage for tax purposes. However, for all other heirs, the tax remains at 5%. This was reported in the Zhytomyr regional state administrationÏåðåâåäåíî ñåðâèñîì "ßíäåêñ.Ïåðåâîä÷èê": translate.yandex.ru.
Source: http://uzinform.com.ua/
