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Ukraine cancels 5-10% import tax.

Ukraine cancels 5-10% import tax.

Posted in News.

The changes take effect with the new year.
At a meeting of the Cabinet of Ministers decided on the abolition of duties since the first time in January 2016. This was stated by Minister of Economic Development and Trade Aivaras Abromavicius.
“From January 1, 2016 will be canceled temporary duty of 5% and 10%, which helped us to stabilize the balance of payments”, – said Abromavicius.
Recall, February 25, in accordance with the decree of the Cabinet of Ministers in Ukraine for the year was introduced additional import tax of 5-10% on all imports, except for critical.
According to the document, additional import duties at the rate of 10% currently levied on:
Prepared foodstuffs; products, fats and oils of animal and vegetable origin; alcoholic and non-alcoholic drinks; tobacco and manufactured tobacco substitutes; vinegar; live animals (commodity groups 1-24 on UKT VED).
Under 5% of the collection were all products except for the important, to which the Parliament took the most energy, as well as some medications.

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