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SPECIAL ECONOMIC ZONE "DONETSK" |
According to article 13 of the Law of Ukraine "About Special Economic Zones and Special Mode of Investment Activity in the Donetsk Region":
On the territory of Special economic zone "Donetsk" profits of profit tax payers are taxable at the rate of 20% to the object of taxation.
The incomes received by nonresidents who do business on the territory of Special economic zone "Donetsk" are taxable as 2/3 of the tax rate determined by article 13 of the Law of Ukraine About Profit Taxation of Enterprises. This norm does not apply to the incomes gained from investments to securities issued on the decision of an authorized state body or local authorities, and incomes determined by item 13.6 of the Law of Ukraine About Profit Taxation of Enterprises.
Duties to the State Innovation Fund and to the Fund for providing measures concerning liquidation of Chernobyl disaster and population social protection are not collected.
The receipts in foreign currency from sales of pro-ducts, goods (work, services) produced or rendered in Special economic zone "Donetsk" are free from compulsory sale.
The gross profit of an enterprise located in Special economic zone "Donetsk" does not include (with the purpose of taxation) investment sum gained according to the investment project in the form of cash, material and in-tangible assets which cost in convertible currency is con-firmed according to the laws of the investor's country.
Comparison table of taxes and compulsory duties collected from the subjects of entrepreneurial activity
| Profit tax of profit tax payers | of Ukraine | of Donetsk Special Economic Zone | of Territories of Priority Development |
| is paid at the rate of 30% of a taxation object | is paid at the rate of 20% of a taxation object | is paid at the rate of 30%
If investments are more than equivalent of $ 1 000 000: of a taxation object a) profit is free of taxation for 3 years from the moment when the first profit was obtained; b) within the period from the fourth till the sixth year the profit is assessed at 50 percent rate |
Incomes received by non-residents carrying out their economic activity on territory of... (the Ukrainian Law No 283/97-BP dated 22 May 1997) | are assessed under the rate of 30% | are assessed under the rate of 20% | are assessed under the rate of 20% |
| Duties to the State innovation fund (The Law of Ukraine No 1977-12 dated 13 December 1991) | 1% of sale of the production deducting VAT and excise-duty | are not paid | 1%; are not paid , if the number of workers signed off closing enterprises makes up not less than 50% |
| Currency regulation | 50% of the incomes are subject to obligatory sale, except: credits; sums for credit repayment investment assets assets for payment to non-residents | currency incomes are released from obligatory sale | 50% of the incomes are subject to obligatory sale, except: credits; sums for credit repayment investment assets assets for payment to non-residents |
| Taxation of investments Investments received as cash assets, material assets, non-material actives | are included in the gross income with the purpose of taxation | are not included in the gross income with the purpose of taxation | are not included in the gross income with the purpose of taxation |
| Import duty and Value-added tax in case of importing(for internal usage) to the customs territory | Import duty is charged VAT is paid at the rate of 20% | Import duty is not charged VAT is not charged | Import duty is charged VAT is paid at the rate of 20% equipment and facilities are free of import tax within the terms of investment project implementation but not more than 5 years. |
| Export duty and Value-added tax in case of exporting goods and other objects (completely made or enough processed) from the customs territory | Export duty is charged VAT is paid at zero rate | to the customs territory of Ukraine: Export duty is charged VAT 20% outside the borders of the customs territory of Ukraine: Export duty is not charged VAT is paid at zero rate | Export duty is charged VAT is paid at zero rate |
According to article 12 of the Law of Ukraine Ukraine "About Special Economic Zones and Special Mode of Investment Activity in the Donetsk Region", in the special economic zone "Donetsk", the following order of goods and other objects import/export is in effect:
-in case of import of goods and other objects (except excisable goods) from outside the bounds of customs territory of Ukraine to the territory of the special economic zone for use within borders of this zone, the import duty and value-added tax are not paid;
-in case of importing goods and other objects to the customs territory of Ukraine from the territory of the special economic zone the goods and objects which were previously imported to the territory of the special economic zone from the territory beyond the border of the customs territory of Ukraine are taxable as imported goods according to the legislation of Ukraine;
-in case of exporting goods and other objects completely produced or pertially processed in the special economic zone out of the customs territory of Ukraine, ex-port and excise duties are not collected and the value added tax is paid at zero rate;
-in case of exporting goods and other objects outside the customs territory of Ukraine from the territory of the special economic zone export duties, value added tax and excise duties are not paid for the goods and other objects which were previously imported to the special economic zone from outside the customs territory of Ukraine:
-in case of importing goods and other objects (except excisable goods) from the customs territory of Ukraine to the territory of the special economic zone export duties are not paid and the value added tax is paid at zero rate.