Forest Protection: Government Obligates Specialized Enterprises to Give 30% of Profit.
Starting from January 1, 2025, state forestry enterprises are required to transfer 50% of their net profit to the state budget. Of this profit, 30% must be directed towards measures for the protection and restoration of forests, reports Ukrinform.
This requirement applies to state specialized economic, forestry, and forest protection enterprises that are under the management of the State Agency of Forest Resources. They are obligated to transfer 50% of their net profit to the state budget.
Moreover, 30% of the enterprise's net profit must be spent on the acquisition of fixed assets for the protection, defense, use, and restoration of forests. The use of these funds will be checked through an annual state financial audit.
This decision comes into effect on January 1, 2025, and will be in force until December 31, 2027.
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