{"id":770745,"date":"2018-12-11T13:00:16","date_gmt":"2018-12-11T11:00:16","guid":{"rendered":""},"modified":"2018-12-28T13:42:14","modified_gmt":"2018-12-28T11:42:14","slug":"ukraine-signs-2019-tax-code-amendments-into-law","status":"publish","type":"post","link":"https:\/\/new.eba.com.ua\/en\/ukraine-signs-2019-tax-code-amendments-into-law\/","title":{"rendered":"Ukraine signs 2019 tax code amendments into law"},"content":{"rendered":"<p>On 10 December 2018, the President of Ukraine signed Law No. 2628-VIII dated 23 November 2018 <em>On Amendment of the Tax Code and Certain Other Legal Acts of Ukraine in Relation to Improvement of Management and Revision of Certain Taxes <\/em>(the \u201c<strong>Law<\/strong>\u201d), which introduces amendments aimed at balancing the State Budget and improving the administration of taxes.<\/p>\n<p>The most significant amendments introduced by the Law include:<\/p>\n<ul>\n<li>Improving the system for control over movement and storage of excise goods, such as fuels;<\/li>\n<li>Introducing 0% rate of excise tax for supply of pure alcohol as a component in the production of cosmetics and other listed products;<\/li>\n<li>Indexing excise tax rates on tobacco products at 9% annually;<\/li>\n<li>Increasing royalty rates on the extraction of oil and condensate from 29%\/14% to 31%\/16% (depending on depth of the extraction wells);<\/li>\n<li>Extending the VAT exemption on the import and supply of certain medical products until 31 December 2020;<\/li>\n<li>Extending the VAT exemption on the import of electrical vehicles until 31 December 2022;<\/li>\n<li>Introducing a VAT exemption on the import of equipment for renewable power plants (including solar panels, wind turbines) to apply until 31 December 2022; and<\/li>\n<li>Decreasing the maximum non-taxable value of incoming cross-border parcels from EUR 150 to EUR 100 (starting 1 July 2019).<\/li>\n<\/ul>\n<p>The Law has been published and is scheduled to enter into force on 1 January 2019. Most of the amendments will enter into force with the Law, while amendments for the administration of excise tax will be gradually applied throughout 2019.<\/p>\n<p>For more information on these amendments and how they could affect your business, please contact authors of this publication.<\/p>\n<p><strong><em><u>Authors<\/u><\/em><\/strong><strong><em>:<\/em><\/strong><\/p>\n<p><em>Olexander Martinenko, Senior Partner, o<a href=\"mailto:lexander.martinenko@cms-cmno.com\">lexander.martinenko@cms-cmno.com<\/a><\/em><\/p>\n<p><em>Viktoriia Stavchuk, Associate, <\/em><a href=\"mailto:viktoriia.stavchuk@cms-cmno.com\"><em>viktoriia.stavchuk@cms-cmno.com<\/em><\/a><\/p>\n<p><em>Anna Pogrebna, Partner, <a href=\"mailto:anna.pogrebna@cms-rrh.com\">anna.pogrebna@cms-rrh.com<\/a><\/em><\/p>\n<p><em>Andriy Sydorenko, Associate, <a href=\"mailto:andriy.sydorenko@cms-rrh.com\">andriy.sydorenko@cms-rrh.com<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 10 December 2018, the President of Ukraine signed Law No. 2628-VIII dated 23 November 2018 On Amendment of the Tax Code and Certain Other Legal Acts of Ukraine in [&hellip;]<\/p>\n","protected":false},"author":4489,"featured_media":157141,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[15576,15575],"tags":[],"class_list":["post-770745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-articles-en","category-news-and-articles-from-companies-en","company-16421"],"_links":{"self":[{"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/posts\/770745","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/users\/4489"}],"replies":[{"embeddable":true,"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/comments?post=770745"}],"version-history":[{"count":0,"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/posts\/770745\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/media\/157141"}],"wp:attachment":[{"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/media?parent=770745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/categories?post=770745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/tags?post=770745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}