Ukraine Parliament Considering Reduced VAT Rate on Energy Carriers and Related Services

The Ukraine Parliament is considering Draft Law 6217, which was submitted on 23 October 2021 and provides for a reduced VAT rate on energy carriers and related services. The draft would amend the Ukraine Tax Code with a new paragraph providing for a 5% VAT rate on:

• Supply, storage, transportation, and distribution of natural gas;
• Production, distribution, and supply of electricity,
• Production, transportation, and supply of thermal energy, and the provision of heating services;
• Supply of c…