The new Uniform customs tariff rates of import tax are classified in line with international standards and the system for goods description and codification to be intoduced in Ukraine. The new document will invalidate scores of contradictory legislative acts, bringing Ukraine closer to the GATT-WTO system and easing access to world markets for Ukrainian exporters. The Uniform customs tariff consists of 21 chapters comprising 97 groups of goods and lists over 10,000 customs rates. The highest degree of goods specification is a 10-digit code which stands for the goods subcategory and serves as a basis for the calculation of taxes and customs clearance of goods. Preferential rates, including tax exemption, are imposed on goods imported from countries which are party to customs unions or customs zones with Ukraine or if stipulated by Ukraine's international agreements.
Full rates exceed reduced rates two times as usual.
Many goods are subject to combined or special rates of the customs tax, namely, farming products, food, alcoholic beverages, cigarettes, consumer goods, cars, videoequipment and other high-liquidity goods which are traditionally subject to lower taxes. These rates of the customs tax are set in Euros. Showcasing the draft law and the draft presidential decree at the session of the government, deputy economy minister Volodymyr Ihnashchenko said both drafts scrap the obsolete system of goods codification. This will eventually increase revenues for the budget as there will be less confusion with imposing tariffs for goods belonging to the same category. The new document will make it easier for the government to regulate commodity markets.