Ukraine will soon introduce additional import tax rates set at 5-10 percent and the rates will be in effect for 12 months, Ukrainian Finance Minister Natalie Jaresko said.
“This decision has been made today. As soon as certain lists of critical imports (medical and energy imports exempt from the tax) are ready, it will become effective,” she said at a press conference in Kyiv on Feb. 15.
It’s a matter of a few days, she said.
As was reported, late in 2014 the Verkhovna Rada adopted a government bill on stabilizing Ukraine’s balance of payments to introduce additional 12-month tax on imports, except for essential goods, at 5-10 percent.
The document says that the additional 10 percent tax will be levied on food imports (commodity groups 1-24 under the UKTVED code in Ukraine’s commodity classification for foreign economic activity), and other commodities (groups 25-97) will be taxed at a rate of 5 percent.
Exempt from the tax will be some cancer drugs, dialysis equipment, pharmaceutical products and components that are not produced in Ukraine. Imports of energy carriers, namely electricity, fresh fuel elements for nuclear reactors, coal, coke, natural gas, crude oil and fuel, including petrol and diesel fuel, will be also exempt from the tax.
However, commodities brought by individuals into Ukraine will be taxed at 10 percent.
