The Ukrainian Metal

Ukraine: coal deals to be free from VAT

The Ministry of finances, the State Fiscal Service and the state enterprise Energorynok have settled the changes to the rules of VAT-taxing of coal and electricity supplies.

“We have decided to exempt supplies of coal and its processing products from VAT-taxation”, said Energorynok in its statement.

Such changes were caused by the crisis on the wholesale market of electric energy due to the implementation of the electronic system of VAT-taxation. (Ukrainian metal)

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