NBU proposes reducing income tax rate on individual deposits

The National Bank of Ukraine (NBU) has proposed that the Ukrainian Finance Ministry reduces income tax rate on individual deposits from 20% currently in force to 15%, NBU Governor Valeria Gontareva said during a meeting with members of the American Chamber of Commerce.

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According to her, last year's decision to introduce a 20% rate on the mentioned tax was unexpected for the regulator.

As UNIAN reported earlier, the amount of bank deposits in the Ukrainian hryvnia grew by 3.4% in January-September, to UAH 367.7 billion, according to the NBU.

Bank deposits in the hryvnia expanded by 0.5% January through September 2015, while those in foreign currency shrank by 22.2%.

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