Ukraine intend to adjust taxeson iron ore

摘要

The fiscal burden on Ukrainian iron producers may rise from July 1, 2021. A bill No.5600, which envisages a set of amendments to the tax code, was submitted to the Verkhovna Rada of Ukraine on June 2. The bill envisages significant changes in the calculation of iron ore tax. The changes are mostly aimed at eliminating the possible subjective estimate of the produced raw material.