Verkhovna Rada of Ukraine Approved by 354 Votes the Act “About the Amendments to Some Acts of Ukraine on Space Activity”
The Act of Ukraine “About the Amendments to Some Acts of Ukraine on Space Activity” renews the certain tax preferences for the enterprises of Ukrainian space industry for the period till January 1, 2015. These tax preferences were provided by the Act “About the State Support of Space Activity” and were repealed by the Act “About the Amendments to the Act of Ukraine”About the State Budget of Ukraine for 2005” and Some Other Legislative Acts of Ukraine”, which was carried on March 25, 2005.
The reporter from NSAU was Director-General Olexandr Zinchenko, the reporter from Verkhovna Rada was the Head of the Committee on Tax and Customs Policy Sergiy Teryohin.
The realization of this Act will provide the development of space activity of Ukraine, will create necessary conditions to fulfill international obligations of Ukraine on realization of international space projects”Sea Launch”, “Cyclone 4” and other, will help to widen the scopes of cooperation with other countries and to create additional workplaces, and will allow to preserve the status of Ukraine as the space state.
The Act will come into force on January 1, 2010.
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