KYIV. April 20 (Interfax-Ukraine) – The parliamentary committee for tax and customs policy supports the reduction of the additional imports duty of 5-10% approved in late 2014, Committee Chairman Roman Nasirov said at the National Export Forum.
“Taking into account the upward pace of foreign trade with goods in the first months of 2015, the imports duty could be revised downwards… I could say for sure that the tax and customs committee will support the decision,” he said.
Nasirov said that the introduction of the additional imports duty affected the Ukrainian processing industry as the cash cost and the price of goods exported from Ukraine grew.
As reported, on February 25, 2015, due to worsening of the balance of payment Ukraine introduced the additional imports duty on all goods, apart from critical imports stipulated in the law on the stabilization of Ukraine’s balance of payment passed by the Ukrainian parliament in late 2014.
The law foresees 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 code). The 5% duty is imposed on any other goods, apart from vitally important goods, including energy goods and some drugs.
