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EBA welcomes decision to support Kharkiv region’s business

03/ 05/ 2024
  This week, the Kharkiv City Council decided to exempt local businesses from taxes from April 1 to June 30, 2024. In particular, it concerns the single tax, rent, real estate and land tax. Separately, the Government adopted CMU Resolution No. 425 dated April 12, 2024, which provides for subsidies to local budgets suffering from russian aggression (de-occupied, temporarily occupied and other territories of Ukraine that have been negatively affected by the full-scale armed aggression of the russian federation). The European Business Association and, in particular, the EBA Kharkiv Office would like to thank the Government for finally hearing the voice of entrepreneurs and taking a step towards stimulating and developing business in such difficult conditions. Thus, the community has repeatedly appealed to the Prime Minister of Ukraine, the First Deputy Prime Minister of Ukraine - Minister of Economy of Ukraine, and the Minister of Finance of Ukraine to provide appropriate support to businesses operating in the combat-affected areas, de-occupied territories, areas contaminated with explosive ordnance, etc. At the same time, it would be appropriate to use the example of Kharkiv for other affected regions, including Odesa, Dnipro, Zaporizhzhia, Kherson, Mykolaiv, etc. However, in addition to tax exemption for entrepreneurs, the following steps are also important to support business: ensuring transparent and predictable mobilization measures, providing transparent opportunities for business travel abroad, resolving the issue of blocking tax invoices, ensuring timely VAT refunds, continuing currency liberalization, etc. Therefore, we hope to hear soon about important news on business support in other regions and look forward to the above measures to stimulate business in the country!

This week, the Kharkiv City Council decided to exempt local businesses from taxes from April 1 to June 30, 2024. In particular, it concerns the single tax, rent, real estate and land tax.

Separately, the Government adopted CMU Resolution No. 425 dated April 12, 2024, which provides for subsidies to local budgets suffering from russian aggression (de-occupied, temporarily occupied and other territories of Ukraine that have been negatively affected by the full-scale armed aggression of the russian federation).

The European Business Association and, in particular, the EBA Kharkiv Office would like to thank the Government for finally hearing the voice of entrepreneurs and taking a step towards stimulating and developing business in such difficult conditions.

Thus, the community has repeatedly appealed to the Prime Minister of Ukraine, the First Deputy Prime Minister of Ukraine – Minister of Economy of Ukraine, and the Minister of Finance of Ukraine to provide appropriate support to businesses operating in the combat-affected areas, de-occupied territories, areas contaminated with explosive ordnance, etc.

At the same time, it would be appropriate to use the example of Kharkiv for other affected regions, including Odesa, Dnipro, Zaporizhzhia, Kherson, Mykolaiv, etc.

However, in addition to tax exemption for entrepreneurs, the following steps are also important to support business: ensuring transparent and predictable mobilization measures, providing transparent opportunities for business travel abroad, resolving the issue of blocking tax invoices, ensuring timely VAT refunds, continuing currency liberalization, etc.

Therefore, we hope to hear soon about important news on business support in other regions and look forward to the above measures to stimulate business in the country!

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