Ukraine Considers Extending VAT Exemption on Military Equipment Imports During Martial Law

• The Ukrainian Parliament is considering a bill to extend the VAT exemption on imports of military equipment during martial law.
• The bill aims to extend the exemption for the entire duration of martial law and remove the expiration date of Jan. 1, 2024.
• The exemption applies to unmanned aerial vehicles and other specified goods.
• The bill is a response to the ongoing conflict between Russia and Ukraine.
• The bill has been accepted for consideration by the Verkhovna Rada.

Source: news.bloombergtax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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