LAW OF UKRAINE

of December 3, 2019 No. 314-IX

About modification of the Section XX "Transitional provisions" of the Tax code of Ukraine concerning creation of conditions for ensuring accomplishment of obligations of Ukraine on department of activities for transportation of natural gas

The Verkhovna Rada of Ukraine decides:

I. Subsection 2 of the Section XX "Transitional provisions" of the Tax code of Ukraine (2011, Art. No. No. 13-17, 112) to add sheets of the Verkhovna Rada of Ukraine with Item 70 of the following content:

"70. For the purpose of accomplishment of obligations concerning department of activities for transportation of natural gas and on ensuring activities of the operator of gas-transport system, taken by Ukraine according to the Law of Ukraine "About ratification of the Protocol on accession of Ukraine to the Constitutive treaty of Energy Community", it is temporary:

1) till January 1, 2021 are exempted from the taxation by the transaction value added tax on transfer from balance of the taxpayer on balance of other legal entity which 100 percent of corporate laws in the authorized capital directly or indirectly belong to the state, or on balance of public authority of the property (fixed assets, intangible assets, incomplete capital investments, other non-current assets) which is in state-owned property as a part of trunk gas pipelines and all objects and constructions, related single engineering procedure and it is used for ensuring transportation of natural gas by trunk gas pipelines and activities of the operator of gas-transport system. At the same time regulations of Item 198.5 of Article 198 and article 199 of this Code are not applied;

2) till January 1, 2022, on transactions on delivery of property of the legal entity which is not in the state-owned or utility property (fixed assets, intangible assets, incomplete capital investments, other non-current assets, inventories) and is used for ensuring transportation of natural gas by trunk gas pipelines and activities of the operator of gas-transport system date of emergence of the tax liabilities and the tax credit is determined by cash method.

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