OREANDA-NEWS. October 3, 2011. Revenue forecast of the 2012 Consolidated Budget is 428.5 billion UAH (28.5% of GDP), which is 0.2 percentage points less than the one that was regarded in the approval of the 2011 State Budget (28.7% of GDP).

It has to be mentioned that fiscal loading of the economy is about to significantly reduce in 2012. Tax Code abolishes 20 types of taxes.

In turn, innovations that have been implemented in tax area underlie the increase of the 2012 State Budget revenue forecast by 12.6%.

In this way, total investment resource derived from benefitting the businesses makes 469 billion UAH including:

- corporate profits tax reduction from 23% down to 21% - 4.3 billion UAH;

- corporate profits tax exemption for manufacturers, targeted area compamies – 0.4 billion UAH;

- "Tax holiday" for small businesses in form of corporate profits tax zero rate – 0.5 billion UAH;

- value added tax exemption for certain transactions – 21.9 billion UAH;

- import levy exemption under inter-governmental free trade treaties– 3.2 billion UAH;

- import levy exemption for goods used in production of equipment for alternative energy sources, and area benefits - 0,3 billion UAH.