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Tuesday, March 11, 2008

The Fights With The Illegal Rents

State Tax Administration of Ukraine fights with illegal market of apartments for rent in Kiev.

In 2007 Kiev Tax Administration did 891 cases on the property lease property without the appropriate tax documents. The State budget received an additional UAH 253.4K. Only in January 2008, they has found 67 facts, paid UAH 33.6K of taxes

The main sources for information on those property was tracking information in the media, particularly in specialized magazines and Internet.

With growth in this income business, tax officers will pay more and more attention to real estate property profit. For sure, this affects in the first place to private owners, who pay taxes very rare. And this is a pretty clear signal from Yulia Timoshenko (through the tax administration) that State budget need more tax funds for social issues.