Simplification of the process of declaring goods in the Customs Code
On the 27th of July the Verkhovna Rada adopted the Law "On amendments to the Customs Code of Ukraine on regulation of the procedure for compiling customs declarations for goods, classified within one commodity heading according to the Ukrainian Classification of Goods for Foreign Economic Activity (UCG FEA), in accordance with the Customs Code of the European Union."
Such changes include:
- at the request of the declarant, a simplified declaration of a batch of goods, classified in different commodity subheadings according to the UCG FEA, under one classification code is allowed, provided that this code corresponds to the highest rate of duty within one commodity item of the UCG FEA;
- such simplified declaration will also apply to exports;
- for the purposes of applying this norm, the specific rate of duty will be recalculated into the ad valorem rate for paying the duty at the highest rate.
Since 2006 SCHNEIDER GROUP has been supporting international companies expanding to Ukraine. Our portfolio includes a full scope of services: from market analysis and partner search to complete accounting outsourcing, legal and tax consulting, and interim management services. We take over all non-core business functions so that our clients can focus on developing their business. We help our clients establishing subsidiaries in Ukraine compliant with local legislative requirements and transparent for international management. Our experts offer advice on best practices to optimise processes, reduce risks and minimise costs.