KYIV. Dec 25 (Interfax-Ukraine) – The Ukrainian parliament has revoked the additional import duty of 5-10% from January 1, 2016 under a proposal of the government.
A total of 268 lawmakers supported bill No. 3533 on Thursday.
The parliament authorized the government to introduce the additional import duty for the period of one year in the law of December 28, 2014. The document took effect only on February 25, 2015 after the publication of the cabinet resolution on the completion of consultations with international financial organizations on the introduction of temporary measures to stabilize the country’s balance of payment.
The law foresaw the introduction of a 10% duty on finished food, fats, vegetable oil and butter, alcohol and non-alcoholic drinks, tobacco, vinegar, live animals (goods groups 1-24 under the Ukrainian foreign trade code). The 5% duty is imposed on any other goods, apart from vitally important goods, including energy goods and some drugs.
The General Council of the World Trade Organization (WTO) on July 29, 2015 confirmed that the additional import duty imposed by Ukraine is in line with the WTO agreements.
