The Ministry of Economy, Environment and Agriculture of Ukraine has prepared a detailed guide on the application of customs incentives for industrial park participants. The document is designed as a practical handbook for manufacturers, enabling them to significantly reduce working capital costs at the stage of launching or modernizing production. The guide compiles explanations based on the Customs Code and the Tax Code of Ukraine, as well as relevant Government resolutions.
“The guide provides a detailed explanation of how to benefit from exemptions from import duties and import VAT when importing new production equipment. An important part of the document is a step-by-step algorithm of actions — from completing a customs declaration with a special code to the rules for accounting and subsequent reporting. Strict compliance with these procedures and with the requirements for the intended use of the equipment for five years is a mandatory condition for retaining the incentives. We have also separately highlighted common mistakes, such as missed reporting deadlines or leasing the equipment, so that businesses can avoid financial sanctions,” said Vitalii Kindrativ, Deputy Minister of Economy, Environment and Agriculture of Ukraine.
Within the framework of the “Made in Ukraine” policy, the Government is consistently introducing instruments aimed at reducing investors’ capital expenditures and accelerating the payback of investment projects. Customs incentives for industrial parks are one of the key mechanisms for stimulating the development of the real sector of the economy.
Customs incentives are available to industrial park participants that are included in the Register and operate in the following areas:
- manufacturing industry (NACE codes 10-33);
- waste recovery (NACE code 38);
- research and development activities (NACE code 72).
The incentives apply to new production equipment and components manufactured no earlier than three years prior to the date of importation.
Detailed guide available at the link
English version of the guide available at the link
For reference:
The development of industrial parks is one of the priorities of the state industrial policy and an integral part of the “Made in Ukraine” policy aimed at supporting Ukrainian manufacturers. Industrial park participants may receive tax and customs incentives, while initiators and managing companies may obtain co-financing for infrastructure development. This contributes to the establishment of new production facilities, attraction of investments, and strengthening of the economic potential of regions.