August 30 it was held meeting of the Council of representatives of Community Boards under the executive power, where they discussed issues of land reform and the main provisions of the draft state budget for 2013.

In particular, the income part of the budget for 2013 is developed on the basic tax and other laws including:

- reduction in income tax rate from 21% in 2012 to 19% in 2013;

- actions of tax holiday on income tax for new and small businesses;

- decrease from 2013, the number of state taxes and fees by combining rent for hydrocarbon production and pay a royalty.

Pursuant to the Program of economic reforms for 2010-2014 "Rich society, competitive economy and effective state" next year is planned to reduce the public sector deficit. Real GDP growth in 2013 is expected to reach at least 4.5%.

 

lexisnexis