Ukraine stops levying 2% pension fee in foreign currency purchases

REUTERS

The fee has been abolished from January 1, the report says.

As UNIAN reported earlier, the Verkhovna Rada of Ukraine on December 20 canceled a 2% pension fee when buying foreign currency by individuals.

Read alsoNBU in Dec spends $120 mln to support hryvniaThe mandatory pension tax on purchases of cash and non-cash foreign currency at a 0.5% rate was introduced for legal entities and individuals in 2014.

In early 2015, the Law of Ukraine on amendments to the Tax Code of Ukraine and some legislative acts of Ukraine on tax reform raised the fee to 2%. Legal entities and non-cash currency purchases were exempt from the tax.