Verkhovna Rada abolishes all taxes on import of electric cars
On December 7, 2017, the Verkhovna Rada voted to amend the Tax Code by amending the draft law No. 6776-d. According to one of the clauses of the document, electric cars in Ukraine are exempt from VAT and excise duty.
Reportedly, initially the amendment to the draft law "On Amending the Tax Code of Ukraine in order to ensure the balance of budgetary revenues in 2018" (No. 6776-d) was supposed to exempt electric cars from VAT and excise duty until 2022, that is, for 5 years. But, then the deputies decided that it would be better to adopt a separate law on electric cars, rather than to introduce these norms into the annual law on balancing the budget 2018. Therefore, the amendments were adjusted for a validity period of 1 year, that is, until 2019. So, what was voted yesterday in the Verkhovna Rada.
- Exemption from VAT on imports of electric cars of commodity group 8703 90 10 10 according to UKT ZED
- Exemption from excise duty on imports of electric vehicles of commodity group 8703 90 10 10 according to UKT ZED
- Exemption from VAT of operations on provision of passenger cab transportation services if they exclusively use vehicles equipped with electric motors
- VAT exemption of services on rent, leasing, rental of vehicles equipped with electric motors.
The innovation enters into force on January 1, 2018.
