The Committee on Finance and Banking, Taxation and Customs Policy recommends that the Parliament should adopt as a basis the bill "To amend the Tax Code of Ukraine regarding tax exemption of operations with goods, works, and services within implementation of the projects of international technical assistance to improve the conditions of treatment of exhausted radioactive sources and high-level radioactive waste in Ukraine"

Information Department
06 September 2012, 16:33

The bill (Reg. No. 9528) supplements subchapter 2 of chapter XX "Transitional Provisions" of the Tax Code with a new item 25, whereby "import of materials and equipment which is not manufactured in Ukraine and supply of goods (works, services) in the customs territory of Ukraine are temporarily exempt from VAT for the period of realization of the G8 Global Partnership Against the Spread of Weapons and Materials of Mass Destruction at the expense of the international technical assistance in line with the applicable international agreements.

 

Implementation of the bill should regulate the issue of tax privileges related to the technical cooperation with particular countries of G8, and launch new projects of international technical assistance within the G8 Global Partnership Against the Spread of Weapons and Materials of Mass Destruction.