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Tuesday, February 20, 2007

Ukraine should impose a tax on real estate.

The president of the Association of Ukrainian taxpayers Sergei Bychkov said this today.

He noted that in a market economy, real estate is an indicator of ability to pay. "In conditions of a transitional economy, this indicator is very important, especially since part of the private incomes is hidden", assumes S. Bychkov.

According to him, a tax on real estate it is important that the rate was variable - from 0.05% to 1.0%. It should establish local authorities, depending on the type of property, the size of housing and other criteria.

S. Bychkov also noted that in Russia Real estate tax is 9% of the total government revenue.

From RBC Ukraine