Introduces tax and customs incentives for residents of industrial parks
18 Jul 2022
On 21 June 2022, the Parliament of Ukraine introduced additional tax and customs incentives for the residents of industrial parks. The amended Tax Code and Customs Code provide for the following incentives:
- An exemption from income tax for 10 years, subject to some conditions;
- An exemption from import VAT and customs duties on new equipment and its components for a period of 5 years without the right of alienation, lease, or other rights to third parties;
- Local governments have the right to establish exemptions from the tax paid in the relevant territory from non-residential real estate located on the territory of the industrial park;
- Local government can reduce land tax rates or exempt from paying land tax.
The changes entered into force on 18 July 2022.
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Type:
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Treatment and operation (Corporate taxation)
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Promotion and facilitation (Investment incentives, Special economic zones)
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Promotion and facilitation (Investment incentives, Special economic zones)
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Industry:
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Sources:
