The State Tax Service (STS) of Ukraine has issued a notice on the reduction of the VAT rate on fuel and oil during the martial law period. This includes that the 7% VAT rate applies on imports and supplies in Ukraine of the following:
- Gasoline, heavy distillates (heavy fuel oil), and liquefied gas; and
- Crude oil and oil products obtained from bituminous minerals.
The 7% VAT rate applies regardless of when such fuel and oil products were purchased, i.e., before or after the introduction of…