ANNOUNCED AS TEMPORARYNo
ELIGIBLE FIRMSstate trading enterprise
Tax or social insurance relief
On 29 December 2010, a list of resident space industry firms have become eligible for land tax exemption on land used for production purposes. The beneficiaries must participate in the implementation of international treaties of Ukraine on space activity on production of space equipment, but not later than 1 January 2018.
These subjects are specified in Resolution No. 1248 of the Cabinet of Ministers of Ukraine of 29 December 2010, that entered into force as of 1 January 2011 and was amended by Resolutions of the Cabinet of Ministers of Ukraine of 25.01.2012, 41, and 01.04.2013, 258.
According to the latter document, the following list of subjects of space activities that were eventually exempted from land tax until 1 January 2015 is:
A conservative approach has been applied in the calculation of the duration of this measure. Its validity is assumed to be until 1 January 2015, and not till the potentially stipulated deadline of 1 January 2018.
According to WTO documents G/SCM/N/253/UKR of 11 July 2013 and G/SCM/N/284/UKR of 20 July 2015, the state subsidies were at the amount ofmillion UAH in 2011 (approximately 7.82 million USD according to the USD/UAH exchange rate for 31.12.2011), 42.31 million UAH in 2012 (approximately 5.3 million USD according to the USD/UAH exchange rate for 31.12.2012), 64.2 million UAH in 2013 (approximately 8 million USD according to the USD/UAH exchange rate for 31.12.2013) and 63.2 million UAH in 2014 (approximately 4 million USD according to the USD/UAH exchange rate for 31.12.2014), respectively.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.
⚑ Please report this page in case you detect an inaccuracy in its content.