Business news from Ukraine

GOVERNMENT ADVOCATES THREE-YEAR TAX BENEFITS FOR IMPORTS OF EQUIPMENT

5 December , 2016  

KYIV. Dec 5 (Interfax-Ukraine) – Ukraine’s Cabinet of Ministers advocates three-year tax benefits for imports of equipment, Ukrainian Prime Minister Volodymyr Groysman has said.

“We are thinking how to include VAT benefits for imported equipment even in the 2017 national budget. We want to make this benefit lasting for 36 months of payment rescheduling… We will think for what sectors,” he said at a meeting with representatives of Ukrainian and foreign business at the second International Trade and Industry Conference “FTAs: Opportunities and Challenges for Ukraine and Partners.”

He said that the government aims at systemic support of national producers: not only the price, but localization of production facilities will be taken into account during procurement.

“The important task for our government is to restore Ukrainian industry,” he said eliciting applause from the audience.

“I understand that today there are problems with law enforcement system, supervision and customs agencies. I would not be a backup dancer for them. They would have to terrorizing businesses or I will announce the public war against them,” he said, adding actually this war has been started.