Government abolishes VAT on scrap metal operations until 2019
The Cabinet of Ministers of Ukraine has exempted operations with ferrous and non-ferrous scrap metal, in particular imports, from value added tax (VAT) until January 1, 2019.
The corresponding government resolution dated March 22, 2017 amends another resolution No. 15 of January 12, 2011, which defines the list of ferrous and non-ferrous metal scrap and waste, operations with which are not subject to VAT.
The decision was made in pursuance of the law of Ukraine on amendments to the Tax Code of Ukraine regarding the improvement of the investment climate in Ukraine (No. 1797-VIII), which, inter alia, provides for amendments to the Tax Code of Ukraine with regard to the extension until January 1, 2019 of exemption of operations with ferrous and non-ferrous metal scrap from VAT.