Ukraine May Reduce Social Charges on Domestic IT Business
OREANDA-NEWS. May 25, 2011. As experience of other countries shows, tax incentives are one of the most effective tools that can provide impetus to economic development. Applying this tool should be competently and selectively - so-called "growth points" require preferences.
For Ukraine it first of all ІТ industry - this view is supported by the Chairman of the Agency for Science, Innovation and Informatization of Ukraine Volodymyr Semynozhenko. "Obviously, the economy of the future will not be raw, and information. Of whether Ukraine can play a proactive here, depends on our global competitiveness. The first, however the extremely necessary step in this direction - reduction of social charges on domestic ІТ- industry, at least, up to 12 %.
These changes to the Tax Code should make as soon as possible"- the Chairman of the Agency for Science, Innovation and Informatization said.
Volodymyr Semynozhenko reminded that, among other countries that are now vying for leadership in ICT, the domestic IT business pays the largest social tax. He also noted that a reduction in payroll tax would raise working hour’s labour costs of Ukrainian programmers to the world level, so it will make our software competitive. And, consequently, stop "brain drain" abroad.
"IT is part of the advanced the sixth technological structure, hence its support by the state shoud become a priority - especially given the task of leading the country out of crisis" - Volodymyr Seminozhenko said.
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