• 18/06/2024 04:45

Kharkov City Council abolished taxes on land and real estate for business

The city budget will lose 1 billion hryvnia due to benefits, but the authorities are hoping for subsidies from the government.

Kharkov City Council abolished taxes on land and real estate for business Kharkov

The decision will be valid from April 1 to June 30 and is aimed at encouraging businesses and citizens who, despite constant shelling and the difficult situation with energy security in the front-line region, continue to work in Kharkov.

Due to tax breaks, the city budget will lose about 1 billion hryvnia in revenue. However, Mayor Igor Terekhov hopes that the government will cover this disadvantage through subsidies. In such conditions, tax relief can be continued further. The Kharkov authorities plan to return to this issue when the current definition expires.

  • Russia attacked Kharkov again, hits were recorded in two districts.
  • Two metro stations and more than 300 street names were de-Russified in the city.

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