The Ukrainian government adopted the Law "On Amendments to Certain Legislative Acts to Provide Supplementary Social and Economic Guarantees in Relation to the Distribution of Coronavirus Disease (COVID-2019)" (Bill of 29.03.2020 of No. 3275). Its purpose is to support business and citizens for the duration of restrictive quarantine measures.
In addition, the
changes involve a number of interventions for medicine. In particular, for the
uninterrupted supply of the necessary medicines, the circulation of specialized
drugs and medicines aimed at combating coronavirus will be exempted from VAT.
And manufacturers of disinfectants will be temporarily released from the
obligation to register products in the Ministry of Health so that everyone can
start their production quickly.
Manufacturers of medicines will receive zero-excise duty alcohol with a tax bill, which will ensure full control over the targeted use of such alcohol and will reduce the cost of disinfectants; · Keeping the valid validity period up to 30 days for the commercial verification of VAT declarations filed for tax refund, while the duration of the commercial audits for other tax returns will increase up to 60 days after the last day of their filing deadline.
The amendments also provide for the possibility for the authorities to adopt draft regulatory acts aimed at simplifying the requirements for business activity in quarantine even in 1 day. The corresponding changes have been made to the Tax, Customs, Civil Codes, the Code of Laws of Ukraine on Labor, the Code of Ukraine on administrative offenses, laws of Ukraine "On employment", "On banks and banking activities", "On education", "On state regulation of production and circulation of ethyl, cognac and fruit alcohol, alcohol beverages, tobacco and fuel "and other legislative acts.
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