Ukraine considers tax on high profits from steel exports

A group of Ukrainian parliamentarians have proposed a tax on excess profits from the export of commodities including iron ore, non-ferrous metals, ferrous scrap and rebar, Fastmarkets learned on Thursday June 24.

A set of draft laws published on June 16 suggests changes to the country’s tax, customs and budgetary codes, according to a note published by Verkhovna Rada, the Ukraine parliament. These draft laws would mean that taxes would be imposed when there is “profit received by a business entity taking advantage of a favorable market situation, [or] a significant price increase on...

Published

Vlada Novokreshchenova

June 24, 2021

17:28 GMT

Dnipro