Zelenskyy to submit bill on economic passport of Ukrainian to parliament

Ukrainian President Volodymyr Zelenskyy will table in the Verkhovna Rada a bill on the economic passport of a Ukrainian by December 10.

He said this in his annual state-of-the-nation address to the Verkhovna Rada on Wednesday, December 1, according to an Ukrinform correspondent.

"I want to thank the Verkhovna Rada of Ukraine – yesterday we passed a very important tax law – No. 5600 — which increases the rent for the use of natural resources. We will spend these funds on our children. Therefore, for the first time in history, I am submitting a bill on the economic passport of a Ukrainian," Zelenskyy said.

He noted that according to this bill, the fee for the use of subsoil will be accumulated in the personal accounts of children of Ukrainian citizens.

"Upon reaching adulthood, our children will be able to use these savings to study in Ukraine or buy their own home in Ukraine. Thanks to these two laws, our oligarchs will finally become real investors in the future of our children. Congratulations to them. And this will be the first time since our independence," Zelenskyy said.

The Verkhovna Rada on November 30 voted at second reading and in its entirety for a bill introducing amendments to the Tax Code to ensure balanced budget revenues.

The bill also contains the procedure for calculating the rent for ore mining, determines the peculiarities of taxation of tobacco products and the procedure for taxation of transactions with scrap metal and waste paper.