KIEV, Jan. 2 – Effective January 1, Article 265 of the Tax Code took effect, according to which tax on property other than land plots is introduced.

Amendments to the Tax Code were made by law No. 4834 of May 24, 2012 which took effect on July 1, 2012. This is linked to the fact that the taxation base for immovable property is calculated on the basis of data from the state register of ownership rights to property, which under the law on amendments to some Ukrainian laws on the ensuring of the realization of rights to immovable property during state registration is introduced from January 1, 2013.

Payers of real estate tax are owners of housing facilities-individuals and companies which were registered in Ukraine and operate under Ukrainian law.