The President Poroshenko signed the Law No 364-VIII "On Amendments to the Tax Code of Ukraine regarding the aspects of International Technical Assistance Projects implementation at Chernobyl NPP". The document eliminates gaps in the Tax Laws on the aspects of International Technical Assistance Projects implementation at Chernobyl Nuclear Power Plant.
In particular, the Tax Code is supplemented with provisions about absence of need to register non-residents – Contractors of International Technical Assistance Projects at Chernobyl NPP in the Tax Authority. It is referred to a non-resident, acting in accordance with the provisions of the Framework Agreement between Ukraine and European Bank for Reconstruction and Development on the Chernobyl Shelter Fund activities in Ukraine and Grant Agreement (Chernobyl Nuclear Safety Project) between EBRD, as the administrator of funds, provided under the Grant from Nuclear Safety Account, the Government of Ukraine and Chernobyl NPP.
The Code is also supplemented with the provision on tax exemption from ChNPP income and corporate profit, obtained from international technical assistance or from the funds provided in the State Budget of Ukraine as Ukrainian contribution into Chernobyl Shelter Fund for the period of preparation for ChNPP decommissioning and decommissioning and Shelter object transformation into ecologically safe system. In case of violation of requirements regarding use of tax-exempt funds the taxpayer is obliged to increase the tax liability for this tax according to the tax period, during which such a violation is occurred and to pay a penalty calculated in accordance with the Code.
The Law comes into force on the day following the day of its publication.
Press Service of the President of Ukraine