Ukraine to Offer Tax Breaks to Buyers of State Companies

Ukraine to Offer Tax Breaks to Buyers of State Companies

(Bloomberg) --

Ukrainian President Volodymyr Zelenskiy offered tax breaks to investors as he seeks to drum up interest in sales of state assets.

“Come and we’ll protect your investments,” Zelenskiy said Wednesday at the World Economic Forum in Davos. Five-year holidays for corporate tax will apply to those spending $10 million or more in privatization tenders in 2020 or 2021, he said.

Privatization of major assets will start in the spring, according to Zelenskiy.

©2020 Bloomberg L.P.

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