30 Dec 2022 13:18

Zelensky signs into law bills temporarily exempting import of generators, Starlink from VAT and customs duties

MOSCOW. Dec 30 (Interfax) - Ukrainian President Vladimir Zelensky has signed into law bills on the restoration of Ukraine's energy infrastructure, cancelling VAT and customs duties on the import of generators, other energy equipment and Starlink satellite systems until May 2023.

The legislation will take effect three days after publication, on January 2-3, 2023, Ukrainian media outlets said, citing Golos faction MP Yaroslav Zheleznyak's social media post.

"One of the key innovations is that it has been permitted at the legislative level to import generators, other [power] equipment and Starlink systems without having to pay duties and VAT, including for private individuals. This norm will be valid until May 2023," Zheleznyak said.

Furthermore, the import of equipment as part of the Energy Community technical assistance program, mail items and express mail items has been exempt from VAT and customs duties by these laws, which also allow storing up to 2,000 liters of fuel without a license, and larger amounts by submitting a relevant declaration to tax authorities.

Chairman of the Verkhovna Rada's Committee on Finances and Tax and Customs Policy Daniil Getmantsev said earlier that the goal of this legislation is to introduce short-term tax and customs incentives to help restore the country's energy infrastructure.