Draft legislation is currently before the Ukrainian parliament that would introduce new incentives for businesses established in industrial parks and tax exemptions for small businesses.
Industrial Park Incentives
The draft law would provide a number of incentives for businesses established in industrial parks, including:
- A five-year corporate tax holiday;
- A reduced corporate tax rate of 9% for five years following the tax holiday;
- The right to defer value added tax (VAT) on imports used …