ANNOUNCEMENT 29 Dec 2010

In December 2010, the government of Ukraine announced a targeted tax change.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



G/SCM/N/284/UKR, page 14
https://docs.wto.org/dol2fe/Pages/FE_Search/DDFDocuments/133363/q/G/SCM/N284UKR.pdf


http://www.profiwins.com.ua/ru/legislation/kodeks/1350.html

a 29 2010 . 1248
http://golovbukh.ua/regulations/8451/467286/

http://www.bank.gov.ua/control/en/curmetal/currency/search?formType=sear...
The National Bank of Ukraine
Set the following official exchange rates of Hryvnia against Foreign Currencies - US Dollar
For period since 31.12.2014 till 31.12.2014
Date Time Number of units official exchange rates
31.12.2014 00.00 100 1576.8556
The National Bank of Ukraine
Set the following official exchange rates of Hryvnia against Foreign Currencies - US Dollar
For period since 31.12.2013 till 31.12.2013
Date Time Number of units official exchange rates
31.12.2013 00.00 100 799.3000
USD 100 US Dollar 799.3000
The National Bank of Ukraine
Set the following official exchange rates of Hryvnia against Foreign Currencies - US Dollar
For period since 31.12.2012 till 31.12.2012
Date Time Number of units official exchange rates
31.12.2013 00.00 100 799.3000
USD 100 US Dollar 799.3000
The National Bank of Ukraine
Set the following official exchange rates of Hryvnia against Foreign Currencies - US Dollar
For period since 31.12.2011 till 31.12.2011
Date Time Number of units official exchange rates
31.12.2013 00.00 100 799.3000
USD 100 US Dollar 798.9800


Inception date: 01 Jan 2011 | Removal date: 31 Dec 2014
Still in force

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:

  • State Enterprise "Ukrainian Scientific Research and Design Technological Institute of Elastomer Materials and Products"
  • Joint Stock Company "Chernigov factory for radio appliances"
  • The State Enterprise "Production Association Southern Machine-Building Plant named after A. Makarov"
  • Pavlograd Mechanical Plant State Enterprise "Production Association Southern Machine-Building Plant named after A. Makarov"
  • State-owned enterprise for specialised Instruments"Arsenal"
  • State Research and Production Enterprise "Corporation Kommunar"
  • Public Joint Stock Company "Scientific Research Institute of Radio Engineering Measurements"
  • State enterprise "Kharkiv transport equipment plant";
  • State Enterprise "Scientific-Production Association "Pavlograd Chemical Plant";
  • Public Joint Stock Company "Hartron";
  • Scientific-Production Enterprise HARTRON Arcos Limited Liability Company;
  • Scientific-Production Enterprise HARTRON-PLANT Co. Limited Liability Company;
  • State Enterprise "Lviv state factory "Lorta".

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.

AFFECTED SECTORS

 

AFFECTED PRODUCTS