Thus, now can replace the existing corporate income tax on the taxation of the withdrawal of capital from the country. As the press service of the Ministry of Finance of Ukraine informs, this change will stimulate business to reinvest funds into production and development.

The financial department also promised to simplify the taxation rules and administration procedure and improve the investment climate in the country.

At the same time, in the opinion of the department, the introduction of a new tax will result in losses of the state budget in the amount of 26 billion hryvnia, and local budgets - 5.4 billion hryvnia. Nevertheless, the Ministry of Finance supports the new tax, but on condition that the state budget is balanced.

The tax on the withdrawn capital will be 15% when dividends are paid to a legal entity - non-resident or an individual.

To dividends, according to the draft law, the following payments are proposed:.

- interest paid to nonresidents of related parties;.

- payments under insurance or reinsurance contracts in favor of non-resident insurers;.

- payment of financial assistance to a tax evader who has not been returned within 12 months;.

- purchase of goods and services from related persons applying a simplified taxation system;.

- additional charge for transfer pricing;.

- free provision of property to a tax non-payer; investment in the statutory fund of tax non-payers;.

- payment of royalties.

Recall, as URA-Inform reported, earlier the Ministry of Finance stated that it had already drafted a bill on the tax on the withdrawn capital.