On Amendments to the Budget Code of Ukraine

Law of Ukraine “On Amendments to the Budget Code of Ukraine Regarding the State Support of Cinematography”

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The Law of Ukraine “On Amendments to the Budget Code of Ukraine regarding State Support of Cinematography” No. 76-IX was adopted by the Verkhovna Rada on September 12, 2019.

The document is aimed at ensuring the implementation of the mechanisms set out in the Law “On State Support of Cinematography in Ukraine” and regulating the issue of financial support by the state of the implementation of projects in the area of cinematography.

It is established, in particular, that certain payments from cinematographers related to the receipt of state support will be credited to a special fund of the state budget and will be directed to state support of cinematography.

Implementation of statutory provisions will promote the development of the film industry in Ukraine, as well as attract investments in this area.

Adoption of amendments to the Budget Code regarding state support of cinematography was a necessary condition for the law “On State Support for Cinematography” adopted in 2017 to work.