Rada Introduces 24-Month VAT Payment Installment Plan For Equipment Imports Until 2020

The Verkhovna Rada of Ukraine has introduced a value added tax (VAT) payment installment plan with the length of up to 24 months for importation of equipment to Ukraine until 2020.

A total of 252 parliamentary members backed respective bill No. 6776д, when 226 votes enough to pass the decision, the Ukrainian News Agency reports.

As Ukrainian News Agency earlier reported, Prime Minister of Ukraine Volodymyr Groysman expects introduction of such an installment plan from January 1, 2018.