From July 1, key trading platforms of the world will be able to act as a tax agent for sellers, including sellers from Ukraine, thanks to which the procedure for registration of shipments to EU countries will be significantly simplified for the latter and, provided that the shipment is correctly processed, the time for passing through customs control will be reduced.
The press service of Ukrposhta reported on Wednesday that key marketplaces such as Etsy, eBay, Wish, Amazon and others, in particular, will independently calculate VAT on goods sold that are sent to Europe, and will directly settle with the tax authorities of the countries of delivery.
“For Ukrainian entrepreneurs, this means that all parcels to Europe with goods worth up to EUR 150, which will pass the correct registration in the personal account of Ukrposhta, will be delivered as quickly as possible and automatically go through customs in a few seconds. Previously, customs clearance of parcels could take from one day to a week, depending on the workload of customs inspectors,” the company said.
The rate of value added tax (VAT) on livestock products, rye, oats, flax seeds and sugar beets, reduced from the beginning of the year to 14%, will be returned to the level of 20%.
An Interfax-Ukraine correspondent has reported that the Verkhovna Rada adopted bill No. 5425-d on Thursday with 309 supportive votes with the required minimum of 226 votes.
The 20% rate will again apply to products with tariff heading 0102 (live cattle), 0103 (live pigs), 0104 10 (live sheep), 0401 (in terms of whole milk), 1002 (rye), 1004 (oats), 1204 00 (flax seeds), 1207 (seeds and fruits of other oilseeds), and 1212 91 (sugar beet).
At the same time, with respect to other grains and oilseeds, the VAT rate remained 14%. In particular, these are goods with codes according to tariff heading 1001 (wheat and meslin), 1003 (barley), 1005 (corn), 1201 (soybeans), 1205 (rape seeds) and 1206 00 (sunflower seeds).
As the head of the specialized agrarian committee Mykola Solsky said earlier, the idea of lowering prices and reducing tax violations at a reduced rate of 14% did not work for livestock products. The adopted bill is aimed at promoting the stability of the price situation in the relevant commodity markets, as well as creating equal and fair conditions for VAT taxation for agricultural producers and enterprises of the processing industry.
The World Bank’s Board of Executive Directors on June 30 approved a $212 million financing package for private joint-stock company Ukrhydroenergo for installation of hybrid systems for electricity production.
“The project will enhance the flexibility of the Ukrainian power system to help synchronize it with the European electricity grid and decarbonize the power sector,” the World Bank said.
The $212 million financing package includes a $177 million International Bank of Reconstruction and Development (IBRD) loan, a $34 million Clean Technology Fund (CTF) concessional loan, and a $1 million CTF grant for a new project in Ukraine.
“The World Bank’s financing will help mitigate technical risks associated with synchronizing Ukraine’s power grid with the European electricity grid and will help decarbonize it by facilitating greater integration of renewable energy,” the World Bank said.
Ukraine hopes the EU will add it to the list of countries from which free entry is allowed in two weeks, Spokesperson for the Ministry of Foreign Affairs of Ukraine Oleh Nikolenko said.
“There is no policy in the recommendation of the European Commission. Every two weeks, the EU member states revise the list of third countries for free entry into the EU. The recommendation is formed, in particular, based on four factors: the rate of new cases of COVID-19 reported per 100,000 population over the previous 14 days, the number of tests in seven days, the level of positive tests and the nature of the virus, in particular the presence of more dangerous strains,” Nikolenko told Interfax-Ukraine on Thursday.
He said the indicators in Ukraine for the period when the European Commission conducted the assessment, even exceeded the norm.
“It should be borne in mind here that the assessment of indicators was conducted not over the past days, but over the previous several weeks, when they were higher. Since we are now more and more approaching the norm established by the European Commission, on behalf of Minister of Foreign Affairs Dmytro Kuleba, the Ukrainian Delegation to the EU is interacting with the European side to include Ukraine in the list during its next review,” the spokesperson said.
At the same time, he drew attention to the fact that the recommendation of the European Commission to open the EU borders for a certain list of countries is not legally binding.
“EU member states individually approve final decisions to weaken or strengthen travel restrictions. Accordingly, the Ukrainian Foreign Ministry is working with European countries on a bilateral level to simplify travel conditions for Ukrainians, in particular the recognition of vaccination certificates and digital COVID-19 certificates,” Nikolenko said.
The Ukrainian industrial company Interpipe is continuously evolving high-tech exports as well as collaboration with Indian Railways. The cooperation between two companies has already been lasting for more than 25 years.
The company said in a press release that during this time Interpipe supplied both locomotive and passenger wheels to India.
“Now, specifically for Indian Railways, we have developed an improved wheel design for passenger transport in accordance with the operating conditions in India,” the company said in the press release.
Due to the new design, the carrier expects to significantly increase the safety of railway traffic after repairs of passenger rolling stock.
Interpipe NTRP has already started executing this order.
The company expects to supply the Indian national railway operator with a record volume of these wheels. It will help Interpipe to strengthen a long-term relationship with Indian Railways.
Interpipe is global producer of steel pipes and railway wheels, based in Ukraine. The company’s products are marketed in more than 80 countries all around the world via the network of sales offices located in key markets of Ukraine, Europe, North America and the Middle East.
Head of National Nuclear Generating Company Energoatom Petro Kotin and Senior Vice President for Commercial Operations at Westinghouse Electric Company Elias Gedeon have discussed cooperation in the construction of new NPP units in Ukraine using AP1000 reactors.
According to the press service of Energoatom, in particular, during the negotiations held in Kyiv on June 29, the parties agreed to create a joint working group.
Energoatom said that the use of the American AP1000 technology – a next Generation III+ double loop reactor with a capacity of about 1100 MW, the design of which has fewer components, and standardization and licensing of which help to reduce the construction time and cost – in the long term will enable the company to provide a high level of safety and reliable operation of nuclear generation and respect for the environment.
As reported, Energoatom and Westinghouse have been cooperating since 2000 in the supply of nuclear fuel.
