Project: Development of the institution of tax on
immovable state and municipal property
The project aims to create legal mechanisms that will encourage state and local governments to review approaches to property management and facilitate the transfer of surplus property for privatization.
The EU-Leap team conducted an analysis and developed recommendations to improve the provisions of the Tax Code of Ukraine and help ensure systematic accounting of state and municipal assets, their effective use, and reduce administrative costs for maintaining unused property.
Relevance:
State and local government bodies are often not interested in transferring unused property on their balance sheet for privatization. The main reason is the lack of incentives: most such objects do not generate costs, and therefore balance sheet holders are not interested in such property bringing real social and economic benefits through effective management.
Project goal:
Ensuring fair taxation of state and municipal real estate by canceling the corresponding benefit for such objects (with the exception of objects that are not subject to privatization and objects for which a decision has been made to privatize, but not more than 12 months over the last two years) in order to increase the efficiency of management of this property and create additional sources of funding for local budgets.
Project objectives:
Ensuring systematic accounting of state and municipal real estate, increasing revenues to local budgets, stimulating state bodies and local self-government bodies to effectively manage state and municipal real estate, in particular by making decisions on the transfer of such property for privatization, as well as ensuring the development of the institution of a tax on real estate other than land.
Expected results:
Increasing revenues to budgets from a tax on real estate other than land, increasing transparency and efficiency of state and municipal property management, strengthening the financial autonomy of local budgets, accelerating the processes of corporatization of state and municipal enterprises by adding real estate objects to their authorized capitals.
Contacts
Legal address: Kremenchuk, Poltava region, Teatralna st. 33.
Actual address: Sportivna Square, 1a, Kyiv, Ukraine
Email eu.leap.ua@gmail.com
+380 (97) 132 12 16
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Development of the institution of tax on immovable state and municipal property
The project aims to create legal mechanisms that will encourage state and local governments to review approaches to property management and facilitate the transfer of surplus property for privatization.
The EU-Leap team conducted an analysis and developed recommendations to improve the provisions of the Tax Code of Ukraine and help ensure systematic accounting of state and municipal assets, their effective use, and reduce administrative costs for maintaining unused property.
Relevance:
State bodies and local governments are often not interested in transferring unused property on their balance sheets for privatization. The main reason is the lack of incentives: most such objects do not generate costs, and therefore balance sheet holders are not interested in such property bringing real social and economic benefits through effective management.
Project goal:
Ensuring fair taxation of state and municipal real estate by canceling the corresponding benefit for such objects (with the exception of objects that are not subject to privatization and objects for which a decision has been made to privatize, but not more than 12 months over the past two years) in order to increase the efficiency of management of this property and create additional sources of funding for local budgets.
Project objectives:
Ensuring systematic accounting of state and municipal real estate, increasing revenues to local budgets, encouraging state and local government bodies to effectively manage state and municipal real estate, in particular by making decisions on the transfer of such property for privatization, as well as ensuring the development of the institution of a tax on real estate other than land.
Expected results:
Increasing revenues to budgets from a tax on real estate other than land, increasing transparency and efficiency of state and municipal property management, strengthening the financial autonomy of local budgets, accelerating the processes of corporatization of state and municipal enterprises by adding real estate objects to their authorized capitals.
Be the first to know about our news and events
Be the first to know about our news and events
Contacts
Legal address: Kremenchuk, Poltava region, Teatralna st. 33.
Actual address: Sportivna Square, 1a, Kyiv, Ukraine