The procedure for applying discounts on the purchase of precious metals has been further improved. Specifically, interest will not be calculated on payments made within 30 days. For payments made within 180 days, interest will be calculated at the main rate of the Central Bank.

The Presidential Decree “On Measures to Create Favorable Conditions for the Further Development of the Jewelry Industry” introduced a new procedure for calculating interest for each day of late payment. Additionally, there is also a new criterion for entrepreneurs buying precious metals using discounts in stock exchanges.

This includes requirements such as at least 70% of created jobs being for workers engaged in jewelry and precious metal production, employees being paid wages for at least 6 months (approved by tax authorities) and ensuring the availability of necessary material, technical base, equipment, production areas and conditions for business entities. (Uzreport/Ukrainian metal)

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