Business news from Ukraine

President of Ukraine signed laws on preferential imports of generators and Starlink

29 December , 2022  

Ukrainian President Volodymyr Zelensky has signed laws No. 8196/8197 on assistance in restoring Ukraine’s energy infrastructure, which, in particular, cancel VAT and customs duties on imports of generators and other power equipment, as well as Starlink satellite systems for the period until May 2023.
As people’s deputy Yaroslav Zheleznyak (faction “Voice”) wrote in his Telegram channel, the laws will come into force three days after publication, according to his calculations, January 2-3, 2023.
“Of the main innovations: the importation of generators, other equipment, Starlink without duty and VAT is introduced at the legislative level. Including for individuals. The norm will be valid until May 2023,” – wrote Zheleznyak.
As it was reported, the Verkhovna Rada passed the bills № 8196/8197 in the second reading on December 13.
The bills also exempt from VAT and duties on importation of equipment within the framework of technical assistance, mail and express consignments, and provide the opportunity to store fuel without a license in the amount of up to 2,000 liters, and more than this volume on the conditions of notification to the tax authorities on the declarative principle.
As previously reported by the head of the Verkhovna Rada Committee on Finance, Tax and Customs Policy Daniel Hetmantsev, the purpose of the above bills is to introduce short-term incentive tax and customs incentives for the restoration of energy infrastructure.

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