OREANDA-NEWS. July 30, 2013. The State Agency on Science, Innovations and Informatization plans to improve tax legislation in the field of scientific and technological activities. The Head of the State Agency Volodymyr Semynozhenko declared in an interview with Ukrinform news agency.

"It is planned an exemption of scientific research operations and an implementation of scientific and technological developments by grants from international organizations, including the importation for free of scientific equipment into Ukraine from the VAT," the head of the State Agency on Science, Innovations and Informatization plans to improve tax legislation said.

In addition, he said, it will be studied the possibility of exemption from value added tax the value of implementation by budget research institutions and universities of research and development works on the basis of economic contracts with domestic customers.

"We hope that this situation will stimulate private business. To implement these plans we have to make changes to the Tax Code of Ukraine," Volodymyr Semynozhenko said.