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Cabinet proposed to abolish pension taxation from May 1 – PM

Cabinet proposed to abolish pension taxation from May 1 – PMUkraine's Cabinet of Ministers intends to submit to the Verkhovna Rada a bill to abolish the taxation of pensions starting from May 1, 2016, Prime Minister Volodymyr Groysman has said.

"We need to introduce two bills to improve welfare of people and I am sure that the parliament will support these decisions. We will abolish the pension taxation from May 1, 2016," Groysman said during the Cabinet meeting on Wednesday.

Read also: Ukrainian parlament returns abolished earlier order for pension calculation

The second bill will deal with raising social standards from December 1, 2016, not by 6%, as was envisaged previously, but by 10%.
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