Rada introduced tax and customs benefits for industrial parks

The Verkhovna Rada has introduced tax and customs benefits for industrial parks, informed Yaroslav Zheleznyak, people’s deputy from the Holos faction. Thus, 236 and 230 people’s deputies, respectively, voted for bills No. 5688 and No. 5689.

“VAT has now been canceled on the import of new equipment and the exemption of residents of the industrial park from income tax for 10 years,” Zheleznyak said.

The Rada adopted the relevant bills in the first reading in December last year. According to the documents, participants in industrial parks can receive exemption from paying import duties on equipment, import VAT on equipment and income tax for 10 years. It also provides for the provision of local authorities with the right to establish local tax incentives for individual entrepreneurs and their residents.

The adoption by the parliament of the law on industrial parks is an important step in the development of the investment climate in Ukraine. But this is only the first step. What else is needed for industrial parks in Ukraine not only to be created, but also to work, read in the article Dmitry Kisilevsky “Let the investor park”.