Satellite internet systems, inverters, and transformer parts are once again exempted from import duties and VAT

12/06/2023

Based on the resolution of the Cabinet of Ministers of Ukraine dated May 19, 2023, No. 501, the previous resolution of the Cabinet of Ministers of Ukraine dated November 29, 2022, No. 1340 has been reinstated for business entities that have fully or partially paid the previous advance payment under the concluded contracts for the importation of goods specified in the mentioned resolution by April 1, 2023. This applies to the period until the last day of the month in which the quarantine measures, aimed at preventing the spread of the acute respiratory disease COVID-19 caused by the SARS-CoV-2 coronavirus, are lifted. However, this applies only if there is documentary evidence from the bank regarding the advance payment made by such business entities.

How we can help

We recommend contacting us if you have any questions regarding exemptions from import duties and value-added tax (VAT). SCHNEIDER GROUP customs law experts will find effective solutions and ensure the proper execution of all necessary procedures.

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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