24 October 2016

Our Community

Cabinet calls for removal of taxation of imported weapons, military equipment

The Cabinet of Ministers of Ukraine has approved today, July 1, a bill that abolishes taxation of imported weapons and military equipment, and submitted the document for consideration of the Ukrainian parliament.

"The bill removes taxation of new types of weapons and equipment. We are restricting significantly our resources due to the need to pay taxes on equipment that we supply from abroad," Ukraine’s Defense Minister Stepan Poltorak said when presenting the bill.

NBU lets banks accept electronic documents for export-import controlThe minister stressed that the list of weapons which are exempt from taxation has been clearly defined to eliminate the possibility of importing tax-free other goods under the guise of weapons and military equipment.

As UNIAN reported earlier, in 2015 Ukraine purchased $10 million worth of the military equipment and weapons. A total of UAH 3.6 billion has been earmarked for the purchases of arms and military equipment in 2016.

In 2014, Ukraine agreed with Lithuania on the supply of specific elements of particular weapons for the Ukrainian armed forces.

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