Ukraine: Cabinet of Ministers imposed the import duties at 5-10%

Source

APK-Inform

6492

The Cabinet of Ministers of Ukraine concluded consultations with international financial institutions on temporary measures to stabilize the current balance of payments, providing imposition of additional customs duties on noncritical imports at the level of 5-10%. The corresponding decree of the Cabinet of Ministers #119-p was posted on the government web-site.

The decree comes into force from the date of its official publication.

As a reminder, at the end of December 2014 the Verkhovna Rada adopted the law #1562 on the measures to stabilize the balance of payments, which provides temporary imposition of additional import duties on 100 commodity groups for a period of 12 months (including seeds, fertilizers, plant protecting agents) at the rate of 5-10%, which would increase the budget revenues by 17.6 bln UAH.

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