Business news from Ukraine

Business news from Ukraine

MORE THAN 6,000 USED FOREIGN CARS PASS CUSTOMS CLEARANCE AT REDUCED EXCISE RATES – FISCAL SERVICE

5 October , 2016  

KYIV. Oct 5 (Interfax-Ukraine) – More than 6,000 used foreign cars with preferences for excise 172 have passed customs clearance at reduced excise duty rates since the beginning of August, according to the press service of the State Fiscal Service, with reference to its head Roman Nasirov.

“Some 6,008 cars have passed customs clearance under the new rules since the entry into force of the law on the temporary decrease in excise duty. The total amount paid for customs clearance is almost UAH 270 million,” the press service said.

As reported, 1,315 cars passed customs clearance under the new rules in August, i.e. 4,693 used cars have passed customs clearance since early September.

Under the law, individuals and legal entities can by December 31, 2018 import one car per year not older than the 2010 year of production, which can be resold only after a year.