Parliament has acted to remove the excess wage tax introduced in September 1995. The tax remains effective only in respect of those companies officially registered by Antimonopoly Committee of Ukraine as monopolies. The tax is removed retroactively as of 1 January 1996.

(Resolution of parliament of 24 May 1996 No 214)

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

For further information contact Andy Kusytsch on +(380) 44 244 5478/9 or enter a text search 'Coopers & Lybrand' and 'Business Monitor'.