Law of Ukraine
“On the Special Regime for Investment Activities in Zakarpattia Oblast”.
Date of Entry into Force:
January 29, 1999
This Law sets forth a special regime for investment activities in Zakarpattia oblast. In accordance with this Law, the special regime for investment activities is established in Zakarpattia oblast for the period of 15 years for implementation of investment projects in priority areas of economic activities, the list of which is established by the Cabinet of Ministers of Ukraine.
The special regime for investment activities provides for granting, in accordance with this Law, tax and customs privileges for subjects of entrepreneurial activities, which have executed agreements with local state administrations on implementation of investment projects. The form of the model agreement is established by the Cabinet of Ministers of Ukraine.
For the period until 2004 shall be exempt from taxation incomes of citizens - subjects of entrepreneurial activities received from provision of travel services in the residential areas of Zakarpattia oblast, which are given the status of mountainous ones.
In the event of changes in the special regime for investment activities, established by this Law, the terms that were effective at the time of signing the agreement with a local state administration on implementation of an investment project shall apply if a subject of entrepreneurial activities elects so.