The Cabinet of Ministers of Ukraine approved the necessary documents for Starlink to be imported into Ukraine without duty and VAT.
Also Read: Cafes and blackout: the turnover of catering establishments decreased by 8% in a week
This was announced by Prime Minister of Ukraine Denys Shmygal during a government meeting.
Components for the production of power equipment, water treatment facilities and satellite communications with the Internet (Starlink) fell under the tax incentives.
Also Read: Xiaomi 13 presentation canceled due to the death of the ex-president of China
“We have approved the necessary documents for Starlink to be imported to Ukraine without duty and VAT. This will reduce their cost and allow them to be provided to more people and organizations,” Shmyhal said.
He also said that the government is negotiating the possibility of acquiring a new large batch of thousands of Starlink systems for Ukraine.
“First, the government exempted the import of generators and power equipment from duties and VAT. This decision makes such products cheaper by about 25%. We’re taking one more step. So that Ukrainian manufacturers who assemble such products in Ukraine do not find themselves at a disadvantage, the government additionally exempted spare parts for assembling generators and power equipment from VAT and duties. Thus, products manufactured on the domestic market will become about a quarter cheaper,” explained Denis Kudin, First Deputy Minister of Economy of Ukraine.
Must Read
- Top 3 trends by Andriy Aleksandrov on crypto security for 2023
- The expert told when the bearish cycle on the crypto market will end
- The number of Bitcoin millionaires has dropped by 80% in a year
Earlier, the government expanded the list of imported goods that will be imported into Ukraine without paying import duties and VAT – we are talking about equipment that should help the country survive the energy crisis: generators, batteries, and so on.
Recall that Starlink raised prices for Ukraine. The monthly payment for Starlink services will increase from $60 to $75. The new price will apply from December 29th. In addition, when ordering a Starlink terminal from the official website to Ukraine, you will have to pay $700 and another $50 for delivery. Previously, it was possible to order a terminal in Ukraine for $385.