Modern society requires that ownership, especially ownership of immovable property has to be securely protected. Undoubtedly, the most important measure in this area is the registration of property. Registration of title to real property is a formal recognition and verification of the change or termination of real estate ownership by making the relevant entry in the State Register of legal rights to real estate.
UKRAINE GOT A BRAND NEW TAX CODE IN 2011
On 19 November the Ukrainian Parliament has passed the Tax Code. The deputies of the Parliament are giving themselves a few more days to finalize this document and submit it to the President for signature. The Head of the Parliamentary Committee for Tax and Customs policy – which is in charge of the development of the Code – publicly stated that major disputed provisions of the Tax Code have been agreed upon with the presidential administration and that a veto of the Code would be highly unlikely.