The Government has adopted a decision to simplify all customs procedures as much as possible. This was stressed by Prime Minister Denys Shmyhal in a video address on March 18.

“We aim to create the fastest customs service in the world. No paperwork at customs. Abolishing VAT, customs tax and duties immediately after the adoption and entry into force of amendments to the Customs and Tax Codes. On a declarative basis only“, the Head of Government stated.

Denys Shmyhal dwelled on that: anyone who wants to abide by the general system pays only VAT, and such clearance procedure should take no more than 15 minutes.

“Those who just want to import goods to Ukraine without any customs clearance procedure just fill out the customs declaration in advance and enter. The cargoes will travel across the border without any obstacles. We expect that the Verkhovna Rada will shortly exempt all goods imported to Ukraine today from customs tax and VAT“, the Prime Minister added.

Apart from that, the Government is lifting all restrictions pertaining to the Affordable Loans at 5-7-9 program.As the Prime Minister stressed any Ukrainian business that needs support will be able to get a loan on favorable terms.

“From now on, the maximum loan amount will be increased to UAH 60 million. At the time of martial law and one month after its completion, the interest rate on loans will be 0%. Currently, the state will pay interest for those who want to make business“, the Head of Government stressed.

As the Prime Minister underscored, after martial law period is over, the interest rate on this program will not exceed 5%. Restrictions regarding the business plan or workplaces, or any other, are also removed.