On 8 April 2014, the VerkhovnaRada of Ukraine adopted the Law* which cancels vehicle recycling fee.
This recycling fee was introduced in Ukraine on 1 September 2013 and applied toall cars produced in Ukraine and imported from abroad.
The law also cancels excise tax on the re-equipment of cargo transport intopassenger vehicles.
The law comes into force from the date of its official publication.
We expect the law to be signed and published in the coming days.
*Draftlaw “On introducing amendments to the Tax Code of Ukraine (regardingcancellation of utilisation fee and excise tax on re-equipment of vehicles ) #4238 dated 24.02.2014