Tax Holidays for Entrepreneurs of Ukraine

by Olha Povaliaieva
Wednesday, November 9, 2022
Tax Holidays for Entrepreneurs of Ukraine

Entrepreneurs whose business is related to energy products are exempt from paying taxes

This year, preparations for the heating season in Ukraine are taking place like never before in its entire history. In the 21st century, the energy infrastructure in the country in the centre of Europe has been destroyed. The average winter temperature in Ukraine is 20°C, and in the east — up to -25°C. In the conditions of widespread power outages, Ukrainians began to purchase electric generators, heaters and other tools that will help them survive this winter.

In order to increase the number of goods needed for winter use and make them available to every buyer, the government announced tax exemptions for entrepreneurs whose business is related to the distribution of this group of goods.

"In Ukraine, goods important for the heating season: generators, heaters, electric batteries, etc., will be exempted from taxes," prime minister Denys Shmyhal.

"The government, energy companies, local authorities and utility companies are continuing preparations for winter in parallel. We are purchasing spare equipment, preparing additional heating points, actively negotiating with international partners to deliver the necessary equipment and machinery to Ukraine to repair everything and be ready for various situations quickly," continued Shmyhal.

As of today, an average of 60% of objects are connected to centralized heating. In the regions in the south, the connection continues more slowly due to incessant Russian attacks. 5 regions of Ukraine are related to heating by more than 85%, and in 2 regions — 100%.

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