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Wednesday, 06 September 2017 14:21

The Government approved lowering of port fees by 20% since 1 January 2018



Today, the Cabinet of Ministers of Ukraine has decided to reduce the rates of port fees from January 1, 2018 by 20%.

The relevant decision was approved today during the Government session. The issue of reducing the percentage of dividend deductions from 75% to 50% for the Ukrainian Sea Ports Administration was also considered.

European Business Association actively supports the reduction of port fees and basic standard for payment of net profit (income) part deducted by unitary enterprises and their associations to the state budget of Ukraine, as this will enable port harbors to become more competitive and increase a resource for capital investment in port infrastructure development.

 

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