Residents of the liberated territory will be exempted from profit (income), property, land and simplified tax for 10 years from January 1, 2023.

APA reports that this was reflected in the amendment to the Tax Code.

This exemption also applies to the non-sale income of a resident of the liberated territory in connection with his activities in that territory.

The import of raw materials and materials in the areas of production activities approved by the Cabinet of Ministers by residents of the territory freed from occupation registered for VAT purposes is exempted from VAT for a period of 10 years from January 1, 2023, residents of the territory freed from occupation Dividend income of shareholders (partners) of legal entities is exempted from tax for 10 years from January 1, 2023.

30 percent of the non-cash paid VAT and 5 percent of the cash paid VAT for overnight and stay services provided by hotels (hotels) that are considered accommodation facilities within the occupied territories (except for other additional services) is a physical deduction of VAT. will be returned to consumers who are individuals.

Tax exemptions do not apply to the following types of activities and transactions:

- activity in the field of providing financial services;

- cargo transportation services by motor vehicles:

- provision of goods (works and services) by the contractor (except for resident contractors carrying out production activities within the liberated territory) at the expense of the state budget.