Ukraine

Law No. 2628-VIII On Amendment of the Tax Code and Certain Other Legal Acts of Ukraine

Legislative
Act; Law
Passed in 2018
The law introduces amendments aimed at balancing the State Budget and improving the administration of taxes.

Notables amendments are 1) to improve the system for control over movement and storage of excise goods as fuels, 2) to increase royalty rates on the extraction of oil and condensate from 29%/14% to 31%/16%, 3) to extend the VAT exemption on the import of electrical vehicles until 31 December 2022, 4) to introduce a VAT exemption on the import of equipment for renewable power plants (including solar panels, wind turbines) to apply until 31 December 2022. 

Documents
from the Grantham Research Institute
from the Grantham Research Institute
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