VAT on the import of electric cars has been abolished: what innovations have been proposed by the state?

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Мирошниченко Анастасія
17.08.2021
Law Services - VAT on the import of electric cars has been abolished: what innovations have been proposed by the state?

 

           📝 The President of Ukraine Volodymyr Zelenskyi signed:
х. Law of Ukraine “On Amendments to Section XX” Transitional Provisions “of the Tax Code of Ukraine on Stimulating the Development of the Ecological Transport Sector in Ukraine”;
х. Law of Ukraine “On Amendments to Paragraph 4 of Section XXI” Final and Transitional Provisions “of the Customs Code of Ukraine to Stimulate the Development of Ecological Transport in Ukraine”
.

         ☝🏻 These documents are aimed at INCREASING THE PART OF ENVIRONMENTAL TRANSPORT IN UKRAINE by increasing the availability of consumers and stimulating the development of production in our country of electric vehicles, tram cars and subway cars, vehicles with internal combustion engines with spark ignition or spark ignition methane or biogas.

         1️⃣ Until January 1, 2026, the import of transactions to Ukraine and the supply on the territory of Ukraine of vehicles equipped with electric motors, as well as new cars with internal combustion engines that run exclusively on biodegradable or biodegradable engines will be exempt from value added tax.

         2️⃣ Until January 1, 2031, VAT will be exempt from taxation and import duties on the import of a number of goods into Ukraine. 

         3️⃣ Until December 31, 2035, the profits of the enterprises that produce these vehicles, as well as electric motors, lithium-ion (lithium-polymer) batteries and chargers and chargers for research and development, are exempt from taxation. in the field of electric transport, creation or re-equipment of material and technical base, increase of production volume, introduction of the newest technologies.

These laws come into force on January 1, 2022.