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Ukraine Parliament Considering Reduced VAT Rate on Energy Carriers and Related Services

16 November 2021

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Proposed Changes

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Ukraine

The Ukraine Parliament is considering Draft Law 6217, which was submitted on 23 October 2021 and provides for a reduced VAT rate on energy carriers and related services. The draft would amend the Ukraine Tax Code with a new paragraph providing for a 5% VAT rate on: Supply, storage, transportation, and distribution of natural gas; Production, distribution, and supply of electricity, Production, transportation, and supply of thermal energy, and the provision of heating services; Supply of centralized drinking water and centralized drainage. As drafted, the law would enter into force on the day it is published in the Official Gazette,...