The Ukraine Parliament is considering Draft Law 5688 and Draft Law 5688-1 on amendments to the Tax Code of Ukraine and the Law on Industrial Parks to create favorable conditions for attracting large-scale investments in industrial production. Draft Law 5688 would introduce new incentives for qualifying entities operating in industrial parks, including:
- An exemption from VAT on the import of new equipment for own use in the areas of industrial processing and research and development activit…