The CMU has passed a Resolution which adds more items to the list of goods which do not qualify for import VAT exemptions as per Article 1 of the Presidential Edict No 499 of 30 June 1995.
The list consists of excisable goods that include office furniture, transport vehicles, motor fuel, etc. As a reminder, the original position was that all assets imported for own use by a business (i.e. not for resale) were exempted from 20% import VAT.
Now businesses need to look carefully at the type of assets being imported to check whether they fall into the list of VATable goods.
(Resolution of the Cabinet of Ministers of Ukraine No 967 of 14 August 1996)
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