Good news for green transport manufacturers and investors! The Government ensured the availability of additional investment incentives for the development of this priority sector of Ukraine’s economy!
From now on, companies will be able to obtain import duty and VAT exemptions (until 2031) on goods imported for their own production OF:
– green transport;
– transport with internal combustion engines running on methane and biogas;
– non-self-propelled trams and metro cars.
The procedure, conditions and documents required to obtain such exemptions are specified in the “Procedure for the Import into the Customs Territory of Ukraine and the Intended Usage of Certain Goods by Enterprises that Possess, Create or Modernize Manufacturing Facilities for the Industrial Production of Vehicles, adopted by the Cabinet of Ministers of Ukraine” approved by The Cabinet of Ministers of Ukraine.
UkraineInvest also reminds that from 2021 a temporary exemption from corporate income tax has been introduced in Ukraine for legal entities exclusively engaged in business activities of production of:
– electric transport;
– electric motors Lithium-ion (lithium polymer) accumulators;
– chargers for electric transport;
– internal combustion engine transport using methane and gas;
– self-propelled and non-self-propelled trams and metro cars.
The UkraineInvest team is convinced that the incentives introduced today will help attract foreign direct investment in the development of the production of green transport, charging equipment and related components in Ukraine.
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