Ukraine developed new advantages to support trade during the war: what will change?

The Tax Policy Committee mainly supported Bills 8298 and 8299, which propose to introduce tax and customs advantages for industry and commerce during martial law. This was announced by the People’s Deputy Yaroslav Zheleznyak on the Telegram channel.

The purpose of the bills is to support domestic industry and commerce during the war, as well as to support vocational (vocational) and vocational higher education institutions. In particular, bills to ensure:

• exemption of imports of equipment and components from VAT and duties. We are talking about the import into Ukraine only for its own production (according to certain codes) on the territory of Ukraine, without the right to alienation under any circumstances earlier than five years from the date of import into the customs territory of Ukraine;
• exemption from VAT and customs duties on equipment for vocational (vocational) and vocational higher education, training of personnel for enterprises, provision of educational activities;
• features of taxation with rent for the use of underground to extract iron ore during the period of martial law;
• exemption from taxation of single taxpayers of the fourth group for land located in hostilities and / or temporarily occupied territories;
• rent exemption for private use of water by power generation companies;
• extending the life of registered cash registers until the end of martial law;
• the introduction of electronic stamps and digital postage stamps to non-taxable objects;
• VAT exemption of operations for the provision of services for the screening and screening of dubbed films, dubbed in the state language, on the territory of Ukraine.

It was noted that the adoption of these draft laws will increase the efficiency in the implementation of customs and tax legislation, contribute to the efficient, uninterrupted and smooth functioning of the economy and industry during the war, and ensure the affordability and supply of critical equipment. .

Meanwhile, the Ministry of Finance has prepared the Draft Law on Amending the Tax Code of Ukraine and other laws of Ukraine on taxation during the martial law period. scale warfare. Therefore, it is recommended that tax incentives for businesses be removed at the latest. 1 July 2023. This applies to the following benefits:

• for individual entrepreneurs and legal entities, using 2% of the income amount III. opportunities to be taxpayers of the group’s sole tax;
• opportunities for individual entrepreneurs of groups I and II not to pay a single tax;
• a moratorium on document controls;
• no penalties for non-use of cash registers (recording devices of clearing transactions);
• There is no penalty for violation of tax laws.

Previously Focus He reported that the revenue that will be used to finance the Armed Forces of Ukraine may arise in Ukraine. more Focus He wrote in the Verkhovna Rada that a bill has appeared that provides for the transfer of the function of tax agents of entrepreneur-individuals of the third group to banks.