.The Cabinet of Ministers has exempted new equipment imported by participants of industrial parks from VAT and import duty

The Cabinet of Ministers  has determined the mechanism for importing equipment for industrial parks. At the meeting of the Cabinet of Ministers on September 7, a new procedure for importing new equipment and components for industrial parks from abroad was adopted. Such equipment is imported into the customs territory of Ukraine by participants of industrial parks with exemption from import duty and value added tax.

The new Procedure will allow to ensure targeted use of imported equipment by participants of industrial parks and control over such use. At the same time, the import mechanism itself is simplified. After all, the list and volumes of equipment to be imported from abroad do not need to be approved by a separate government decision.

Reference source: https://bit.ly/3x3XleU

 

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