KYIV. Nov 25 (Interfax-Ukraine) – The Verkhovna Rada of Ukraine has made changes to the Tax Code by exempting transactions on coal supply and coal enrichment products from VAT until July 2017.
These changes are contained in government bill No. 3073, which was supported by 232 deputies.
As reported, the parliament by the same draft law amended the Tax Code, by which changed the conditions for calculating the actual price of natural gas when paying royalties for subsoil use during its production. For Ukrgazvydobuvannia the calculation of royalties is linked to the price of gas sold to Naftogaz Ukrainy, for other gas producers – to the average price of gas imports.
Previously the calculation of royalties was tied to the ceiling level of prices for natural gas, which until October this year has been established by the National Commission for Energy, Housing and Utilities Services Regulation (NCER).
