By KYIV. Dec 29 (Interfax-Ukraine) – The National Securities and Stock Market Commission of Ukraine hopes to soon provide individuals with the opportunity to have personal investment accounts, which will help attract long-term investments in the economy, the press service of the regulator reported.
"Soon, individuals will be able to have personal investment accounts. This tool will help attract long-term investments in the economy, which are especially relevant for post-war recovery, and will provide citizens with tax advantages for investing their own savings," the National Securities and Stock Market Commission said.
Bill No. 8111 on amendments to the Tax Code and other laws on stimulating the participation of citizens in investment activities was registered in the Rada in early October 2022. the National Commission has already considered the bill and provided comments.
The press service of the commission said that the innovations will stimulate the flow of private investment in the development of the economy for a long period. In particular, any individual will be able to open a medium-term (up to three years) or long-term (up to seven years) account. Subject to compliance with all requirements for the functioning of the account (validity period, limit on the amount of storage, withdrawal not earlier than the established period), the owner is exempt from taxation of profits received from operations on these accounts.
The National Commission said that at the first stage, the investment company in the interests of the owner will be able to invest funds from their investment accounts in municipal, corporate bonds, stocks traded on the stock exchange, certificates of deposit, open-end investment funds.
