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Ukraine Introduces Tax Incentives for Industrial Park Residents

27 July 2022

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Approved Changes

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Ukraine

The State Tax Service (STS) of Ukraine has issued a release on tax preferences (benefits) for industrial parks as introduced by Law No. 2330-IX, which entered into force on 19 July 2022. The main tax benefit is a 10-year income tax exemption for registered industrial park participants carrying out economic activities in the following areas: Industrial processing, except for the production of excise goods, with the exception of the production of passenger cars, their bodies, trailers and semi-trailers, motorcycles, vehicles intended for the transportation of 10 people or more, and vehicles for the transportation of goods; Waste collection, processing, and...