Ukraine May Abolish VAT on Imported Oil, Kommersant Reports

Ukraine’s government is considering abolishing a value-added tax on imported crude oil to stabilize the market, Kommersant-Ukraine newspaper reported, citing a person with knowledge of the matter from the Energy and Coal Industry Ministry.

The tax may be scrapped for 10 million metric tons of oil a year that’s being processed at Ukrainian refineries, the newspaper said.

To contact the reporter on this story: Daryna Krasnolutska in Kiev at dkrasnolutsk@bloomberg.net;

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net;

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