Chairperson of the Parliament of Ukraine Dmytro Razumkov signed the Law of Ukraine No. 4643-d “On Amending the Tax Code of Ukraine Regarding Collection of Taxes and Dues, Other Mandatory Payments in Cases When the Taxable Item is a Vehicle”.
The Law regulates the issue of taxation of vehicles imported into Ukraine before December 31, 2020, with violation of customs regulations, obliging the owners of such vehicles to pay, within 180 days from the day of the coming into force of the Law, the amount of excise duty and the VAT on excise duty.
According to the Law of Ukraine, such taxation will not apply to vehicles which do not comply with EURO-2 environmental standards and/or which originate or are imported from a country recognized as the aggressor state.
The customs clearance of vehicles (1 vehicle per person) imported into the territory of Ukraine before December 31, 2020, is to be carried out according to a new formula, one which depends not on the cost of the vehicle but on the age, volume and type of the vehicle engine.
Speaker of the Verkhovna Rada of Ukraine Dmytro Razumkov also signed the Law of Ukraine “On Amendments to the Customs Code of Ukraine on Temporary Release of Customs Clearance of Translation Transmission”.
The Law of Ukraine No. 4644-d “On Amendments to the Customs Code of Ukraine on Temporary Release of Customs Clearance of Translation Transmission” regulates the issues of customs clearance of vehicles, ensuring compliance with customs rules when moving vehicles in the customs regimes of temporary import and transit, as well as taking into account the interests of all segments of the population in addressing this issue.
Implementation of the Law will ensure the settlement of the issue of customs clearance of vehicles, and taking into account the interests of all segments of the population in resolving this issue, will ensure compliance with customs rules when moving vehicles in customs regimes of temporary import and transit.
Both laws submitted to the President of Ukraine for signature.