Business news from Ukraine

IMPORTS OF ELECTRIC CARS TO UKRAINE IN JAN-NOV 13% MORE THAN DURING ENTIRE 2016 – FISCAL SERVICE

15 December , 2017  

Imports of electric cars to Ukraine in January-November 2017 grew to 2,676, while in 2016 a total of 2,274 cars were imported to the country, which is 13% less than the current figure, the State Fiscal Service of Ukraine has said on its website.
In January-November 2017, UAH 115.6 million of customs payments were paid to the budget, whereas in 2016 this figure was UAH 82.4 million. In particular, in January-November 2017, excise tax on the import of electric vehicles reached UAH 8.4 million against UAH 7 million in 2016, and UAH 107.2 million of VAT against UAH 75.4 million in 2016, the authority said.
The fiscal service also recalled that the import of electric vehicles since 2016 has been exempted from import duty, and from January 1, 2018, the parliament proposed to exempt operations for electric vehicles from VAT and excise tax. However, the president has not yet signed the amendments to the Tax Code adopted at second reading (bill No. 6776-d).
It is planned that the requirement will work throughout 2018, the fiscal service said. If the customs payments were annulled, importers will save more than 20% of the cost.
“For example, if now, when importing a used electric car Nissan Leaf made in 2016, registered by the State Fiscal Service at a cost of $5,600, the importer paid more than UAH 34,300. From the new year importers will save more than 20% of the funds due to the absence of customs payments. As for the new Tesla S, the minimum customs value of which is $103,600, now it is necessary to pay almost UAH 566,500 of customs payments,” the authority said.