Bila Tserkva, following Lviv and Vinnytsia, exempts industrial parks from paying land tax

KYIV. April 5 (Interfax-Ukraine) – By the end of this year, the City Council of Bila Tserkva exempted industrial parks from paying land tax by participating companies, according to the Facebook page of the Bila Tserkva industrial park.

“The cancellation of part of the operating expenses will have a positive impact on the financial performance of enterprises (registered in the industrial park), the cost of production, the development or modernization of production, the creation of new jobs or the associated engineering and transport infrastructure,” the message says on Wednesday.

In turn, MP Dmytro Kysylevsky wrote on Facebook that Lviv and Vinnytsia had previously made similar decisions, and recalled that local authorities received the right to reduce the land tax to zero in July 2022 after the laws on tax and customs incentives for industrial parks came into force.

According to the MP, the Bila Tserkva industrial park has already run out of places in the constructed premises – they are occupied by industrial enterprises, and now the park operator is building new premises under the order of specific investors.

“Patchwork is located nearby – so far it is not in the register of industrial parks, but, in fact, it is. And new industrial enterprises are also located there, because there are ready-made premises, electricity, gas and other networks, a road, and a railway,” Kysylevsky notes.

The industrial park Bila Tserkva is a project of the holding company UFuture of entrepreneur Vasyl Khmelnytsky. The total area of the park, included in the register of industrial parks in April 2018, is over 70 hectares.

As reported, for industrial park residents, the law provides, in particular, exemption from VAT and duties when importing new equipment, as well as from income tax for 10 years in case of conducting activities within the industrial park; and preferential rates of property tax and land fees from local authorities.