The Committee on Industrial and Investment Policy deems the draft law on amendments to the Law “On the Customs Tariff of Ukraine” (re establishing import tax rates at the level of 0% for certain product categories) requires refinement

Information Department of the Verkhovna Rada of Ukraine Secretariat
13 November 2013, 16:00

The bill (Reg. No. 2773) suggests establish zero privilege and full-value import tax rates for a range of products of a commodity item 8607 in the Ukrainian Classification of Goods for Foreign Economic Activity in view of increasing competitiveness of domestic car-building branch on the domestic and foreign markets.    

People’s deputies expressed several remarks to the bill. Particularly, clause 1 of section II of the bill contradicts the principle of stability of the tax system and requirements of article 2 of the Law “On the Customs Tariff of Ukraine”.

Accompanying document to the bill does not provide a clear justification of the need to use zero import tax rates for the delivery of certain products to Ukraine, instead of its partial reduction.