Which foreign trade transactions are subject to new settlement terms
The State Tax Service of Ukraine informs that the NBU, based on the CMU Order dated 13.02.2019 No. 76-r "On Approval of the List of Goods and (or) Sectors of the Economy for Which the National Bank Has the Right to Establish Exceptions and (or) Specifics of Implementation of the Protection Measure Provided for in Paragraph 1 of Part 1 of Article 13 of the Law of Ukraine "On Currency and Currency Transactions", has established new deadlines for settlements for export operations of goods classified by codes according to UKTZED:
- 1001 (wheat and a mixture of wheat and rye (meslin)
- 1002 (rye),
- 1003 (barley),
- 1004 (oats),
- 1005 (corn),
- 1201 (soybeans),
- 1205 (rapeseed),
- 1206 00 (sunflower seeds),
- 1507 (soybean oil),
- 1512 (sunflower oil),
- 1514 (rapeseed or mustard oil),
- 2306 (oil cake).
According to the Resolution of the Board of the National Bank of Ukraine No. 84 dated 09.07.2024 (hereinafter - Resolution No. 84), the Resolution of the Board of the National Bank of Ukraine No. 67 dated 14.05.2019 "On Establishing Exceptions and (or) Peculiarities of Introducing Deadlines for Settlements for Export and Import of Goods and Amendments to Certain Regulatory Acts" (hereinafter - Resolution No. 67) was amended, namely: paragraph12 was set out in a new wording:
"12. Deadlines for settlements for export operations of goods classified by codes according to UKTZED: 1001, 1002, 1003, 1004, 1005, 1201, 1205, 1206 00, 1507, 1512, 1514, 2306, are:
90 calendar days and apply to transactions made from November 11, 2023 to July 11, 2024 inclusive;
120 calendar days and shall apply to transactions carried out from July 12, 2024."
In addition, the Resolution No. 84 amended the list of imported goods imported to Ukraine that are not subject to the payment deadlines set forth in paragraph 21 of Section II of the Regulation on Measures of Protection and Determination of the Procedure for Certain Transactions in Foreign Currency, approved by Resolution of the Board of the National Bank of Ukraine No. 5 dated 02.01.2019, and paragraph142 of Resolution of the Board of the National Bank of Ukraine No. 18 dated 24 February 2022 "On the Operation of the Banking System during the Period of Martial Law".
It should be noted that the amendments to Resolution No. 67 came into force on July 11, 2024.
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