OREANDA-NEWS.  September 14, 2012. The following year, the profit tax rate will be lowered from 21% to 19%, as well as there will last 'tax vacations' for certain sectors of economy will operate other tax incentives. This was stressed by the Prime Minister of Ukraine Mykola Azarov at a Cabinet meeting.

"We continue to support domestic producers by stimulating provisions of the Tax Code and budgetary tools," Mykola Azarov pointed out. "Along with deregulation, this is a fundamental line of the Government to support business initiatives, free development of the internal market. So, next year, the profit tax rate will be lowered from 21% to 19%."

According to him, crucial for further development of our country's economy is innovative investment model of development. So, for example, for business of software industry, profit tax rate will be only 5%. There will be continued use tax exemptions for income tax, which is being invested in energy saving.

There will be continued 'tax vacations' regarding profit tax for the enterprises of light, shipbuilding and aircraft industries, mechanical engineering, for agriculture as well.

"Total investment resource, which remains in 2013 in the real economy through tax incentives, will reach almost UAH 71 billion next year." Mykola Azarov said.