Financial sector news

The draft law “On Amendments to the Tax Code of Ukraine and Other Laws of Ukraine Regarding Mechanisms for Encouraging Individual Investment and Supporting National Issuers,” initiated by the National Securities and Stock Market Commission, provides for the introduction of investment accounts—a modern tool that will expand citizens' opportunities in the field of savings and investment. The new mechanism will allow every Ukrainian to open an investment account and, provided that the funds are kept for five years, receive passive income without taxation. In the event of early withdrawal of funds, taxes will be paid on general terms.

According to Ruslan Magomedov, Chairman of the National Securities and Stock Market Commission, investment accounts are a proven international practice that is now emerging in Ukraine.

“I have been talking about OIR since the beginning of this year because I am convinced that investing should be accessible to everyone, not just financial professionals,” Ruslan Magomedov emphasized. “The mechanism is simple and straightforward: you open an account, invest through it, hold the funds for five years, receive income, and then freely dispose of your money,” explained the Chairman of the NSSMC. He emphasized: “The draft law is based on the main principle: money should work for Ukrainians and the economy of our state.”