The Verkhovna Rada of Ukraine adopted the Bill

The Verkhovna Rada of Ukraine adopted the Bill "On Amendments to certain Legislative Acts of Ukraine (re Minimization of Influence of the Financial Crisis on the Development of Motor-Car Construction and other Sectors of National Industry)

Published on 11 December 2008, at 18:32

The Bill (Reg. No.3430) introduces amendments to the Laws "On Taxation of Income of Enterprises", "On a Single Customs Tariff", "On the Development of Motor-Car Industry in Ukraine", "On Priority Directions of Innovation Activity in Ukraine", which "promote the development of the national processing industry and comply with the EU legislation and regulations of the WTO".

Thus, processing enterprises are exempt from import duty imposed on the equipment and component parts that are not produced in Ukraine.

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