A group of people’s deputies propose to the Parliament to refuse exemption from import duties, excise tax and VAT on car imports, bill No. 7311, the text of which is posted on the website of the Verkhovna Rada, testifies. the budget received less than 350 million hryvnia, and now the daily amount of benefits is 100 million hryvnia.
At the same time, not isolated cases of the importation of premium cars were recorded, the authors of the bill note, among them is the head of the Verkhovna Rada Committee on Finance, Tax and Customs Policy Daniil Getmantsev.
The bill also proposes to return taxation for goods imported by single tax payers of the first or third group.
The authors of the bill point out that during the week of such relaxations, the budget received less than UAH 417 million.
As reported, on March 24, 2022, the Verkhovna Rada of Ukraine, in order to stimulate important imports for the country, among a number of goods for the period of martial law, exempted the import of vehicles by citizens from taxation (cars, motorcycles, trucks and buses).
According to the State Customs Service, over the month, Ukrainians have issued more than 19,000 cars on preferential terms, which created problems and delays for the import of humanitarian aid.
The National Association of Sugar Producers of Ukraine Ukrtsukor appealed to Minister of Economy Oleksiy Liubchenko with a request not to support the initiative of the Cabinet of Ministers to permit duty-free import of 120,000 tonnes of sugar until October 1, 2021. According to an appeal to the minister, published on the association’s website, the Ukrainian sugar industry is able to fully meet the needs of the domestic market, since as of June 1, sugar stocks in the warehouses of manufacturing plants amount to 300,000 tonnes, excluding stocks of agricultural producers, retail chains and the population. At the same time, according to Ukrtsukor, the average monthly sugar consumption in Ukraine is 80,000 tonnes.
“In addition, at the beginning of 2021, some 40,000 tonnes of white sugar were imported. Also in May 2021, Ukraine imported 60,000 tonnes of raw sugar from Brazil for industrial processing at two sugar factories into white sugar, and another 27,000 tonnes of raw sugar are already on the way to Ukraine and will be delivered by the end of June,” the association said in the appeal to the minister.
The above supplies, according to Ukrtsukor, will meet the domestic demand for sugar by the new season.
The association noted that in 2021 in Ukraine, the area under sugar beet crops increased compared to last year, which, together with favorable weather conditions, makes it possible to expect a sufficient yield of sugar beet. In turn, this will contribute to the full supply of the domestic market with sugar in the 2021/2022 marketing year (MY), as well as a possible decrease in sugar prices at the end of August 2021 with the beginning of the sugar making season.
As reported, the Cabinet of Ministers in June proposed to permit duty-free imports of 120,000 tonnes of sugar until October 1, 2021 in order to stabilize the situation in the market for this product.
The Cabinet of Ministers has proposed to the Verkhovna Rada to reduce the ceiling cost of duty-free import of goods into Ukraine in hand luggage or accompanying baggage from EUR 1,000 to EUR 430 – for checkpoints at airports and seaports, as well as at the level of EUR 300 instead of EUR 500 – through other checkpoints.
In addition, the bill increases the period during which goods in connection with resettlement to a permanent place of residence in Ukraine are imported without customs duties to one year instead of current six months.
At the same time, the government bill proposes to exempt from taxation the import into the territory of Ukraine of fixed assets of companies that move their activities to Ukraine with the creation of a new enterprise.
In addition, the bill proposes to exempt from duties scientific equipment, devices, as well as other items of research activities not related to entrepreneurship.
The Cabinet of Ministers of Ukraine has proposed to the Verkhovna Rada to make the import of 120,000 tonnes of sugar duty-free until October 1, 2021 to stabilize the situation on the market for this product.
The government approved the corresponding draft law at a meeting on June 2.
The draft law proposes to the Verkhovna Rada to supplement Section XXI “Final and Transitional Provisions” of the Customs Code of Ukraine with Clause 4.4, providing for appropriate changes in the taxation of sugar imported into the customs territory of Ukraine.
According to an explanatory note to the document, Ukraine in the 2020/2021 marketing year produced about 1.1 million tonnes of sugar with the demand of the domestic market of at least 1.3 million tonnes due to unfavorable weather and climatic conditions and a reduction in the cultivated areas of sugar beets. The limited supply of sugar on the market caused a sharp rise in prices for this product, while the growth of its imports restrains the depreciation of the hryvnia exchange rate.
The document specifies that the import quota of 120,000 tonnes will be distributed among importers in the order of priority of filing applications with the customs authority.
As reported, the Ministry of Economy in April 2021 announced the impossibility of stabilizing prices on the Ukrainian sugar market using market mechanisms due to a decrease in domestic sugar production. The agency proposed a temporary zeroing of the import duty on the import of 120,000 tonnes of white sugar until October 1, 2021, which will reduce the rush demand for it in the domestic market and ensure the competitive production of sugar-containing products.
According to the ministry, the duty on the import of sugar into Ukraine is currently 50% of its customs value.
Ukraine from October 30, 2019 will return to the U.S. General System of Preferences, according to a proclamation of U.S. President Donald Trump. “On Saturday Kyiv time or on Friday night in Washington, the news came out that Trump has completely returned Ukraine to the General System of Preferences,” Deputy Minister of Economic Development, Trade and Agriculture, Ukraine’s trade representative Taras Kachka said at a press briefing on Monday.
He said that all 155 types of goods that were removed from the system of preferences, again will receive the possibility of duty-free trade in the United States.
“These are mainly food processing products – confectionery product… [and also] industrial products, especially complex engineering products,” Kachka said.
He said that the return to the system of preferences was made possible thanks to the progress in introducing new legislation on collective management organizations (CMOs).
“This is unlikely to affect trade statistics, since these are not mass products, but will positively influence small and medium-sized businesses,” Kachka added.
As reported, in 2018, the United States suspended the General System of Preferences, which allows the import of more than 3,500 types of goods to the United States duty free, for 155 types of Ukrainian goods due to systematic copyright violation.
Ukraine International Airlines (UIA, Kyiv) has announced the launch of a strategic partnership with the U.S. network of duty free shops Duty Free Americas (Florida), UIA Vice President Serhiy Fomenko and the vice president of Duty Free Americas have said at a press conference at Boryspil International Airport (Kyiv).
According to them, in particular, UIA and Duty Free Americas are launching a pre-order duty free service.
Fomenko said the pre-order duty free service will provide passengers with the opportunity to order duty free goods not at the airport but online, along with an invitation to check-in.
There will be 5,000 goods in the catalog. It will be available to passengers on the airline’s website in July 2019.
Duty Free Americas is a network of duty free shops in the United States, Mexico and Latin America. It was founded in 1983 and is based in Hollywood (Florida, the United States). Previously, the company was known as World Duty Free Americas, and was renamed Duty Free Americas in October 2001.
