Business news from Ukraine

UKRAINIAN CABINET OF MINISTERS APPROVES RULES FOR PAYING VAT IN INSTALLMENTS FOR IMPORTED EQUIPMENT

The Cabinet of Ministers of Ukraine has approved a procedure for paying value added tax (VAT) in installments during 24 months for imported equipment.
The decision was made with the condition of the revision of the rules during three days under a request of Head of the State Regulatory Service Ksenia Liapina.
“Manufacturers were waiting for the decision for eight years. It is important to give the unambiguous transparent mechanism. I see unambiguous statements in this decision now,” she said.
As reported, at the end of 2017 the Verkhovna Rada introduced a possibility of paying VAT for imported equipment in installments during 24 months for 2018-2019.

UKRAINE INCREASES POULTRY EXPORTS 1.8-FOLD IN JAN, 2018

Ukraine exported 19,690 tonnes of poultry in January 2018, which is 1.8 times more than in January 2017, the State Fiscal Service has reported.
According to its data, in monetary terms poultry exports increased 2.3-fold, to $30.4 million.
Poultry imports in January 2018 rose 1.7-fold, to 12,120 tonnes, in monetary terms 1.9-fold, to $5.3 million.
According to the service, pork exports in January 2018 decreased by 58.3% compared to January 2017, to 160 tonnes. In monetary terms the figure amounted to $380,000 against $690,000 in January 2017.
Pork imports to Ukraine for this period grew 4.4-fold, to 290 tonnes. In monetary terms pork imports amounted to $470,000, which is 3.7 times more than in January 2017.