Profits of 3,4 and 5-star hotels are exempt from corporate profits tax for a period of 10 years startingfrom January 1st 2011. This exemption applies to all hotels (including new and reconstructed ones)that will open before September 1st 2012 (draft law #6309)
This is good news.
Well Ukraine is always full of suprises. If this law is introduced it's one great incentive to hotel oweners/developers and operators in Ukraine.
A big boost for Euro 2012