Ukraine to Offer Tax Breaks to Buyers of State Companies

Ukrainian President Volodymyr Zelenskiy offered tax breaks to investors as he seeks to drum up interest in sales of state assets.

“Come and we’ll protect your investments,” Zelenskiy said Wednesday at the World Economic Forum in Davos. Five-year holidays for corporate tax will apply to those spending $10 million or more in privatization tenders in 2020 or 2021, he said.

Privatization of major assets will start in the spring, according to Zelenskiy.

To contact the reporter on this story:
Kateryna Choursina in Kyiv at kchoursina@bloomberg.net

To contact the editors responsible for this story:
Andrea Dudik at adudik@bloomberg.net

Andrew Langley, Michael ...