REUTERS
Bill No. 3377 is designed to save domestic travel agencies from mass ruin.
The Ministry of Culture and Information Policy of Ukraine estimates the loss of import and export of tourism services in Ukraine from the coronavirus pandemic at US$1.5 billion.
During the TAVRIAN ONLINE HORIZONS online investment forum, Acting Minister Svitlana Fomenko said the agency, together with the relevant parliamentary committee, had developed Bill No. 3377, designed to save Ukrainian travel agencies from mass ruin, the government portal reports.
Among other things, the new legislation proposes by the end of 2020 to abolish tourist tax, introduce tax incentives for rent and land lease, as well as exempt tourist agencies from value added tax, income tax, single social contribution, land tax, and tax on non-residential real estate property.
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As UNIAN reported earlier, tourism is one of the world's most affected sectors amid the COVID-19 coronavirus outbreak, which also applies to Ukrainian businesses operating in the field.
On March 11, the Cabinet of Ministers imposed a nationwide quarantine, which was later extended until April 24, and then prolonged until May 11. Ukrainians are now practically unable to leave country for tourism purposes, while foreign tourists are banned from crossing in.