Azarov: Real-estate tax will not be introduced soon

Real-estate tax will not be introduced in Ukraine soon, First Deputy Prime Minister/Finance Minister Mykola Azarov has told journalists, Cabinet press office reported.

Mr. Azarov was commenting on the draft Tax Code that the Government considered on Wednesday.

According to him, there is presently no serious information base for administration of real-estate tax.

Therefore, according to him, real-estate tax will not be introduced in 2008 or 2009.

He also said that indirect assessment of citizens' incomes would not be introduced soon.

According to him, such provisions have been removed from the draft Tax Code, which the Parliament is expected to adopt and is expected to come into effect on January 1, 2008.

Deputy Finance Minister Tetiana Yefymenko earlier said that indirect assessment of citizens' incomes could be introduced in 2008 after implementation of a law on legalization of incomes in 2007.

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