On April 30, the deputies of the Kharkiv City Council held an extraordinary session and decided to abolish property and land taxes for businesses and individuals for a period of three months. The announcement was made on the official website of the local government.
The decision was met with great enthusiasm from the business community and residents of Kharkiv, the second largest city in Ukraine. This bold move is aimed at providing much-needed relief to businesses and individuals who have been struggling financially due to the global pandemic.
The cancellation of property and land taxes is a part of the city council’s efforts to support the economy and ease the financial burden on its citizens during these challenging times. The decision is also in line with the government’s efforts to stimulate economic growth and attract investment.
Mayor Hennadiy Kernes, who has been leading the city since 2010, believes that this decision will have a positive impact on the city’s economy. He stated, «The cancellation of these taxes will provide a much-needed boost to our local businesses and will help them to recover from the economic crisis caused by the pandemic. It will also encourage new businesses to invest in our city, creating more job opportunities for our citizens.»
The cancellation of property and land taxes is not only beneficial for businesses, but also for individuals. Many people in Kharkiv own small businesses or rental properties and have been struggling to pay their taxes due to the economic downturn. This decision will provide much-needed relief to these individuals and allow them to keep their businesses and properties afloat.
Moreover, the cancellation of taxes is expected to have a positive impact on the real estate market in Kharkiv. With the removal of property taxes, the cost of owning and renting properties is expected to decrease, making it more attractive for people to invest in the city’s real estate market.
The decision of the city council has received widespread support from the local community. Business owners and residents have expressed their gratitude towards the city council for taking this bold step to support them during these difficult times. They hope that this decision will help them to recover from the economic impact of the pandemic and move forward towards a brighter future.
In addition to the cancellation of land and property taxes, the city council has also implemented other measures to support the economy and its citizens. These include a reduction in utility fees, rent waivers for small businesses, and financial support for families in need.
In conclusion, the decision of the Kharkiv City Council to cancel land and property taxes for a period of three months is a much-needed relief for businesses and individuals in the city. It is a clear indication of the government’s commitment to supporting its citizens during these challenging times. This decision is expected to have a positive impact on the economy and provide a much-needed boost to the real estate market. Kharkiv is truly a city that cares for its citizens and is determined to overcome any obstacles that come its way.