Cancellation of customs duties and VAT on the import of generators

02/01/2023

In the second reading the Verkhovna Rada supported draft laws No. 8196 and No. 8197 aimed at restoring the energy infrastructure of Ukraine.

These draft laws provide for a number of innovations, which in particular relate to the rules for importing energy and communication equipment to the territory of Ukraine.

Customs duties and VAT on the import of generators, other equipment, Starlink, etc. will be cancelled till May 2023, including for individuals. This exemption will also apply to postal and express shipments.

Energy Community, an international organization that provides technical assistance in the restoration of Ukraine's energy infrastructure, will also be completely exempt from taxation on the import of equipment.

In addition, the draft laws provide for the possibility of storing up to 2,000 liters of fuel without a license. Storage volumes exceeding 2,000 liters must be reported to the tax office on a declarative basis.

About SCHNEIDER GROUP

Since 2006 SCHNEIDER GROUP has been supporting international companies expanding to Ukraine. Our portfolio includes a full scope of services: from market analysis and partner search to complete accounting outsourcing, legal and tax consulting, and interim management services. We take over all non-core business functions so that our clients can focus on developing their business. We help our clients establishing subsidiaries in Ukraine compliant with local legislative requirements and transparent for international management. Our experts offer advice on best practices to optimise processes, reduce risks and minimise costs.

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