The Verkhovna Rada Finance, Tax and Customs Policy Committee has recommended that the draft laws on the cancellation of VAT and customs duties on imports of generators and other energy equipment, as well as Starlinks, be passed in the second reading, the head of the parliamentary committee for financial, tax and customs policy Daniil Getmantsev said.
“The purpose of the bills is to introduce short-term tax and customs incentives for the restoration of energy infrastructure, namely exemption from import duty and value added tax (VAT) on imports of generators and other components until May 1, 2023,” he wrote in Telegram.
The corresponding bills № 8196 and № 8197 were voted for by 23 members of the committee.
People’s Deputy Yaroslav Zheleznyak (faction “Voice”) noted that the bills will go to the session hall during this session and may be adopted.
He specified that the documents also take into account the exemption from payments for postal and express consignments and provide the opportunity to store fuel without a license up to 2 thousand liters.
Nardep noted that the import of equipment under the Energy Community technical assistance is also exempted from VAT and duties.
Foreign trade turnover by most important positions Jan-Aug 2022 (import)
SSC of Ukraine
Ukraine has imported power generators and generator equipment worth $60m over the last two weeks, First Deputy Economy Minister Denis Kudin said.
“The second item of imports for the last two weeks were generators and generator equipment. Second only to fuel. We’ve imported $60 million worth of such equipment in those two weeks, and judging by what we know from the companies, the volume of generators that are on the road waiting for delivery in the second half of December, January, February and March is just off the charts,” he said during a discussion at the Center for Economic Strategy on Thursday.
Kudin added that, according to his data, Lviv and Kyiv are compensating businesses for 75 percent of the cost of generators.
Import of goods to Ukraine in % to the previous period in 2021 and 2022
SSC of Ukraine
Imports of titanium ores and concentrates fell to 196 tonnes and $115,000 in the ten months of 2022, from 912 tonnes and $889,000 a year previously. Exports grew 38.9% to 273,409 tonnes and 10.5% to $111.27 million.
Bauxite imports fell 77.4% to 945,311 tonnes and 74.8% to $48.119 million.
Imports of nickel ores and concentrates fell 66.5% to 341,268 tonnes and 68.6% to $15.234 million, and manganese ores 60% to 135,069 tonnes and 57.5% to $17.976 million.
Ukraine did not re-export bauxite or export nickel and manganese ores in the ten months of 2022.
Imports of aluminum and its products fell 29.2% to $279.276 million, nickel and nickel products 43% to $55.795 million, zinc and its products 59.9% to $30.490 million, lead and its products 63.8% to $2.65 million and tin and its products 25% to $2.894 million.
Exports of aluminum and its products fell 39.1% to $83.556 million, nickel fell 72.5% to $1.086 million and lead 69.5% to $9.769 million, however zinc exports rose to $1.321 million from $254,000 and tin to $421,000 from $154,000.
