“Tax rebate for individuals, cancellation of pension fees, taxes and duties”: Verkhovna Rada adopted bills that extend and expand benefits for Ukrainian manufacturers and buyers of electric vehicles


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Yesterday the Verkhovna Rada of Ukraine adopted in the first reading draft laws # 3476 and # 3477, aimed at stimulating the development of electric transport in Ukraine. Infrastructure Minister Vladislav Krikliy said that his department actively supports the bills and will work together with market participants and people’s deputies so that the bills are adopted as a whole faster.

“Exemption from taxation of the profits of enterprises from the sale of electric motors, lithium-ion batteries, chargers, electric vehicles of our own production and other innovations will interest businesses to invest in production, create additional jobs, and integrate into the production chains of global manufacturers of electric vehicles,” said Vladislav Krikliy.

Bill 3476 was developed with the aim of stimulating the development of production in Ukraine of electric vehicles, chargers, components for them, which will allow, due to the inclusion of global automakers in the value chain, create new jobs and increase the share of auto production and related industries in the country’s GDP.

To achieve this goal, the bill proposes temporarily, from January 1, 2021:

  • by December 31, 2025, to exempt from taxation with value added tax operations on the import into the customs territory of Ukraine and / or delivery on the customs territory of Ukraine vehicles under certain codes of UKT FEA, equipped exclusively with electric motors (one or more);
  • until December 31, 2028, exempt from taxation with value added tax operations on import into the customs territory of Ukraine in the customs regime for importing goods, according to the list according to UKT VED codes, defined in the Customs Code of Ukraine, for the production of vehicles under certain UKT VED codes, equipped exclusively electric motors (one or more);
  • by December 31, 2033, exempt from corporate income tax:
    • 1) profit (income) of enterprises of the electrical industry received from the sale of:
      • electric motors of our own production, intended for vehicles according to certain codes of UKT VED, equipped exclusively with electric motors (one or more);
      • lithium-ion (lithium-polymer) batteries of our own production, intended for vehicles under certain codes of UKT VED, equipped exclusively with electric motors (one or more);
      • chargers of our own production for lithium-ion (lithium-polymer) batteries intended for vehicles under certain UKT VED codes, equipped exclusively with electric motors (one or more).
    • 2) profit (income) of enterprises of the automotive industry, received from the sale of vehicles under certain codes of the UKT FEA of their own production, equipped exclusively with electric motors (one or more).
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At the same time, the bill proposes from January 1, 2026 to December 31, 2030 to grant the right to the payer of personal income tax to include in the tax rebate in the reduction of taxable income at the end of the reporting tax year the amount of expenses for the purchase of a vehicle equipped exclusively with electric motors (one or several), including to repay a bank loan provided for such purposes, excluding interest on it and exempt individuals who acquire the right of ownership of passenger cars equipped exclusively with electric engines from paying the mandatory state pension insurance fee.

In addition, the bill proposes that the Cabinet of Ministers of Ukraine, within three months from the date of entry into force of the Law, develop a “Program for the development of the production of electric transport, components for it and equipment for arranging the corresponding infrastructure”, as well as develop requirements for public procurement, providing for a gradual increase in the share of public procurement. purchases of vehicles equipped exclusively with electric motors (one or more), up to 50% of the total public procurement of vehicles until 2030.

In turn, the purpose of the bill No. 3477 is to create favorable conditions for attracting investments in the production of electric vehicles, chargers, components for them, as well as stimulating demand for buses, cars and trucks equipped exclusively with electric motors.

This bill proposes temporarily, until January 1, 2029, to exempt from payment of import duty components, equipment imported into the customs territory of Ukraine solely for the production of vehicles equipped exclusively with electric motors (one or more), classified in 86 product subcategories according to the UKT VED.

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Source: Ministry of Infrastructure of Ukraine, Verkhovna Rada of Ukraine (3476, 3477)