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New amendment to the Tax Code of Ukraine

03 jun 2019, 03:00

Dear Customers,

We would like to remind you that а new amendment to the Tax Code of Ukraine will come into force on July 1, 2019. The new law modifies taxation terms of international parcels.

Starting July 1, 2019, in order to receive an international parcel duty-free, your parcel must meet the following requirement:

  • For individuals - the cost of goods in each parcel should not exceed the equivalent of 100 Euros.


Based on the new law, current limit of 150 Euros will be reduced to 100 Euros. These changes will automatically apply to all parcels that enter the customs territory of Ukraine on or after July 1, 2019

 

There are two formulas for calculating customs payment:

 

1         For shipments with total invoice value above 100 EUR but below 150 EUR (customs duty is not calculated; VAT rate is 20% of the sum exceeding 100 EUR):

Example 1:   $130 Calvin Klein Shoes

Value of the goods:  $130 (115EUR)
Customs duty:  N/A
VAT:  (115EUR-100EUR) * 20% = 3 EUR
Total payment:  3 EUR

 

2         For shipments with total invoice value above 150EUR but below 10000EUR (customs duty rate is 10% of the sum exceeding 150EUR; VAT rate is 20% of the sum exceeding 100EUR and sum of the customs duty): 

Example2:   $600 iPhone

Value of the goods:  $600 (530EUR)
Customs duty:  (530EUR-150EUR) * 10% = 38 EUR
VAT:  (530EUR-100EUR + 38EUR) * 20% = 93.6 EUR
Total customs fees:  131.6 EUR

 

  • Payments must be paid in UAH according to the rate of the National Bank of Ukraine on the date of submission of customs declaration.
  • All goods with value up to 100 EUR are not taxable.

 

Sincerely,
Meest-America Team.