KIEV, Jan. 3 – The requirement to collect 2% pension tax from transactions to buy cash foreign currency lost effect on January 1, 2017, the National Bank of Ukraine told Interfax-Ukraine.

"The article to annul 2% tax took effect and it is not collected from January 1, 2017," the press service of the regulator said.

Parliament revoked the 2% pension tax imposed on cash currency purchase transactions on December 20, 2016. The requirement is outlined in bill No. 5132 amending the Tax Code to provide for the balance of budget revenue in 2017 (law No. 1791-VIII).