Draft Law of Ukraine No. 8111 on investment accounts will expand the tax base and attract additional investments to the state

In an interview with the YouTube channel Minfin, Ruslan Magomedov, Chairman of the NSSMC, spoke about the importance of introducing investment accounts in Ukraine — a modern financial instrument that is widely used around the world and is already relevant today.

This refers to the draft law developed by the NSSMC, which requires support in the Verkhovna Rada.

Such accounts will be opened by individuals through licensed investment firms. According to Ruslan Magomedov, this mechanism does not compete with internal governmental bonds (OVDP), but rather creates additional opportunities for attracting funds into the economy and expands investment instruments for citizens.

One of the important advantages of this instrument is the stimulation of long-term investments. If the funds remain in the account for 3–5 years, the investor receives a tax benefit ranging from 50% to 100%. In case of early withdrawal, taxes are paid under general conditions. This approach creates a transparent mechanism that contributes to expanding the tax base rather than reducing it, thanks to clear rules, tracking of investments, and legalization of capital.

“The state is able to direct investments into priority sectors of the economy – those that need support the most. This will give impetus to the development of the real economy, job creation, growth of unified social tax payments and will have a positive multiplier effect,” emphasized Chairman.

Also, Chairman specifically emphasized the need to remove barriers impeding investment, including excessive bureaucracy in financial monitoring. The Commission is already working to simplify the mechanisms for exchanging information between all subjects of primary financial monitoring. This will help increase investment by 20-30%.