KYIV, June 18 - The bill with amendments to the Tax Code from the package on tax amnesty (bill No. 5153) adopted this week provides for a preferential tax rate for declaring foreign assets of 7% instead of 9% for early declaration and a mechanism for paying taxes in installments for three years, Avellum lawyer Viktoria Shvydchenko has told Interfax-Ukraine.

"The campaign for tax amnesty is designed for a year - from September 1, 2021 to September 1, 2022. At the same time, you declare earlier - you pay less (such an early bird): for the first six months of tax amnesty, a lower taxation rate for foreign assets is established (7% instead of 9%)," she said.