Govt approves rules for paying VAT in installments for imported equipment

The Cabinet of Ministers of Ukraine has approved a procedure for paying value added tax (VAT) in installments during 24 months for imported equipment.

The decision was made with the condition of the revision of the rules during three days under a request of Head of the State Regulatory Service Ksenia Liapina.

"Manufacturers were waiting for the decision for eight years. It is important to give the unambiguous transparent mechanism. I see unambiguous statements in this decision now," she said.

As reported, at the end of 2017 the Verkhovna Rada introduced a possibility of paying VAT for imported equipment in installments during 24 months for 2018-2019.