KYIV. Aug 11 (Interfax-Ukraine) – Ukraine’s Cabinet of Ministers has approved the rules and volumes of imported spare parts enjoining tax advantages until 2025 by aircraft building enterprises of Ukraine.
The draft government resolution was approved at a Wednesday meeting.
First Deputy Prime Minister of Ukraine, Minister of Economic Development and Trade Stepan Kubiv said that the introduction of tax advantages for aviation industry by the government must help to replenish working capital of the sector companies, attract investment for upgrade and modernization of their fixed assets and increase their profits.
As reported, the Verkhovna Rada in December 2016 amended the Tax Code of Ukraine aiming to support aircraft building industry.
For the period from January 1, 2017 until January 1, 2025 aircraft builders are exempted from paying VAT for imports of goods (apart from excisable goods) used for the needs of aircraft building and transactions to supply the results of research and design works to the customs territory of Ukraine.
The aircraft builders are also exempted from paying profit tax. The saved funds will be considered the targeted financing for research and designs works, re-equipment of the technical base, increase of production and introduction of new technologies. The aircraft building companies are also exempted from paying land tax on parcels where industrial facilities are located.
KYIV. Aug 11 (Interfax-Ukraine) – The Ukrainian government has proposed that the Verkhovna Rada passes amendments to the Tax Code to introduce the single account for paying taxes and duties, as well as single social security tax using the e-cabinet of taxpayer.
The government made the decision on Wednesday, an Interfax-Ukraine correspondent has reported.
“The bill is intended to relax the rules of payments by taxpayers to budgets via the introduction of the single account to pay taxes and duties,” the explanatory note to the document says.
According to the bill, the document will introduce the system for paying single social security tax, taxes and duties outlined in the Tax Code, apart from VAT and excise duty for fuel, via the e- cabinet of taxpayer. The new rules are to facilitate payment of taxes.
KYIV. Aug 10 (Interfax-Ukraine) – Growth Leap (Pty) Ltd. (South Africa) is looking for suppliers of flax seeds in Ukraine, according to the company’s export offer on the website of the Ministry of Economic Development and Trade.
According to the report, the said company already had experience of work with Ukrainian manufacturers of this product. Its leadership, if necessary, is ready to visit Ukraine for signing long-term contracts.
In addition, the South African company Humeat Import and Export (Pty) Ltd. is also seeking Ukrainian suppliers of food, in particular pasteurized milk and milk powder, cheese, edible oil.
The ministry said COOP Trading A/S (Denmark), which serves such chain stores in Denmark and Northern Europe as Fakta, Inka, Fotex, etc., is studying the possibility of supplying Ukrainian sugar for sale in the retail network.
ODESA. Aug 10 (Interfax-Ukraine) – ArcelorMittal Kryvyi Rih and Transinvestservice stevedoring company (TIS, Odesa region) have opened an indoor transshipment complex for metal goods worth more than $4.5 million at Yuzhny seaport (Odesa region).
According to a press release from TIS, the complex includes a warehouse for 7,000 square meters with a capacity of more than 40,000 tonnes. Its capacity will be 550,000 tonnes per year.
The warehouse was built by TIS for five months, it is equipped with four bridge cranes.
“Today it is the largest storage of this level in Ukraine. Blue re-bar is a special cargo which cannot come into contact with moisture throughout the supply chain not to lose its technological quality. Therefore there are roads and rail tracks inside the new transshipment complex to unload wagons. The warehouse is completely waterproof, loading is carried out inside,” reads the document.
According to Deputy Director General for Marketing and Sales at ArcelorMittal Kryvyi Rih Anastasia Tatarulyeva, the opening of the new complex will help the company not only increase exports, but also greatly improves their quality, as the quality of logistics is extremely important.
KYIV. Aug 10 (Interfax-Ukraine) – Ukraine’s Ministry of Agrarian Policy and Food has signed a memorandum of understanding with the Kyivstar mobile operator with the aim of introducing modern technologies into the production processes in agriculture.
According to a report on the ministry’s website, the agreement provides for the creation of conditions for the development of small and medium-sized farmers through the introduction of a digital platform.
“The developed digital platform for agricultural producers will be an effective tool for communications between ministry representatives and the key players of the agricultural sector, as well as for providing consultations and necessary information on government support programs or other information important to producers,” Deputy Minister of Agrarian Policy and Food for European Integration Olha Trofimtseva said.
According to her, using modern information tools will help agricultural producers more accurately and qualitatively analyze and forecast their activities.
KYIV. Aug 10 (Interfax-Ukraine) – Food and Agriculture Organization of the United Nations (FAO) in close collaboration with the Agricultural Policy and Food Ministry of Ukraine and the Ecology and Natural Resources Ministry will draw up a project to adapt agriculture in Ukraine to climate changes.
FAO said in a press release that the project will consider current and projected climate conditions in Ukraine and their impact on agriculture (including forestry and fisheries).
The project will suggest measures for mitigating climate change, and for adapting to it. A series of consultations will be held to ensure transparency and broad input into the development of a plan of action.
“This project is incredibly important for Ukraine today, since the issues of irrigation, deforestation and forest degradation have become critical priorities on the national agroecological agenda,” Coordinator of FAO development programmes in Ukraine Mykhailo Malkov said.
