The Information Department of the Verkhovna Rada of Ukraine informs that the Verkhovna Rada has adopted amendments to the Tax and Customs Codes, which define the procedure for taxation of business entities that implement investment projects with significant investments.
Until January 1, 2035, transactions on import of goods into the customs territory of Ukraine are exempt from VAT.
When concluding a special investment agreement, companies-investors with significant investments are exempt from income tax for 5 years from the date of application (but not earlier than the date of submission of such application and date of commissioning), built as part of the investment project.
Land tax and rent rates for state and communal lands may also be set at a rate lower than the amount of land tax established by a decision of the relevant local self-government body. Land tax exemption is possible.
Also, on January 1, 2035, new equipment (equipment) to be imported into the customs territory of Ukraine by the investor is exempt from import duty.
It will be recalled that the Law on "Investment Nannies" was adopted in December 2020.
