From savings Chernivtsi budget was 14.5 million. UAH. This year
budget replenished 14.5 million. UAH. taxation of passive income. Since the introduction of the taxation of passive income (from 1 August 2014.) Financial institutions Chernivtsi transferred to the state budget 19.1 mln. UAH. tax on interest on deposits. State Tax Inspectorate inm. Chernivtsi recalls that the amendments to the Tax Code of Ukraine, introduced by the Law of Ukraine on December 28, 2014 N 71-VIII, provides for increasing the rate of taxation of passive income from 15 percent to 20 percent (excluding dividends on shares and corporate rights accrued residents - payers corporate income tax). So,paragraph 167.1 of Article 167 of the Tax Code of Ukraine set tax rate of 15 percent on the tax base accrued (paid provided) income, except as specified in paragraphs 167.2 - 167.5 of this article of the Code. In accordance with paragraph 167.5.1, paragraph 167.5 of Article 167 of the Code of the tax rate to the base of taxationtion is set at 20 percent for passive income, including accrued dividends on shares and / or investment certificates paid by joint investment institutions (other than those referred to in subparagraphs 167.5.2 hereof). According to subsection 167.5.3, paragraph 167.5 of Article 167 of the Code for the purposes of section IV of that Codermin "passive income" means, in particular, the following income: - Interest on current or deposit (deposit) bank account; - Interest on deposits (deposits) in credit unions; - Other interest (including discount income); - Interest or discount income on registered savings (deposit) certificates; - Fee (fromweave), distributed according to the share of membership fees of the credit union. This was reported in the Chernivtsi City CouncilSource: http://artlife.rv.ua/