Ukrainian lawmakers back tax breaks for domestic drone producers

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Ukrainian lawmakers back tax breaks for domestic drone producers
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KYIV : Ukraine's parliament voted on Monday to exempt domestic drone producers from customs duties and value added tax, a senior lawmaker said, in a move intended to help a sector that Kyiv sees as vital for its war effort. The exemptions laid out in two bills that were backed by lawmakers cover imports o

KYIV : Ukraine's parliament voted on Monday to exempt domestic drone producers from customs duties and value added tax, a senior lawmaker said, in a move intended to help a sector that Kyiv sees as vital for its war effort.

The exemptions laid out in two bills that were backed by lawmakers cover imports of equipment and other parts for the production and repair of drones, lawmaker Yaroslav Zheleznyak wrote on the Telegram messenger.Ukraine sees drones as a low-cost way to narrow its huge armament gap with Russia, a nuclear power whose long-range conventional capabilities enable it to conduct air strikes on targets across Ukraine.

The Verkhovna Rada, or parliament, has continued to convene in Kyiv through Russia's full-scale invasion but its sessions are now closed to the public.

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