Source of publication: Consulting company "SV Development"

The Undersecretary of the Prime Minister of Ukraine Borys Kolesnikov predicts that the Verkhovna Rada of Ukraine (Parliament) will establish a zero tax rate on profit for the hotel owners on the next week (12-18 April). He announced this information on a press conference in Donetsk on Wednesday.

"The hotel business will have preferences, like a zero tax rate on profit for the next 10 years, until 2021, for all hotels that are located in Ukraine and that will be built in the next 2 years" - said Borys Kolesnikov.

He also noted that the draft law will be transferred to the Parliament on the next week.

"There is no doubt that this draft law will be adopted", - said Mr. Kolesnikov.

Borys Kolesnikov emphasized that on 27th April the President of Ukraine, Viktor Yanukovych would take part in a roundtable with representatives of the international hotel networks to discuss prospects of their business development in Ukraine.