Ukraine's Rada cancels excise tax on electric car imports

The Verkhovna Rada, Ukraine's parliament, has adopted amendments to the Tax Code to ensure the balance of budget revenues in 2018, having allowed electric vehicle imports free of VAT and excise taxes for a period of five years, according to TSN.ua.

!!!!!!!!!!!!!!!! UAA1 !!!!!!!!!!!!!!!

Relevant bill No. 6776-d was backed by 252 MPs with the required minimum at 226 votes on December 7.

There are several thousand of electric cars on the country's roads for the time being. Ukraine ranked world's fifth in terms of electric vehicles purchase rates, ahead of the U.S., the Netherlands, and Japan.

!!!!!!!!!!!!!!!!!!!!!!!! UAA2 !!!!!!!!!!!!!!!!!!!!!