Belarus proposes to extend zero import duty for electric vehicles in EEU till late 2023
<p> MINSK, Jul 27 - PrimePress. Belarus has submitted a proposal to the Eurasian Economic Commission (EEC) to extend the effect of the zero import duty rate for electric vehicles in the Eurasian Economic Union (EEU - Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia) until 31 December 2023 inclusive. The proposal will be discussed till 15 August 2021, the EEC said. </p> <p> </p> <p> The EEC says Belarus believes their proposal will contribute to creating an electric vehicles market in the Republic of Belarus and member states of the Eurasian Economic Union (EEU) as a basis for the next stage of electric transport - production of electric vehicles, increasing the number of charging stations, promoting the use of environmentally friendly vehicles to improve the environmental situation in major cities. </p> <p> </p> <p> Currently, in accordance with the EEC Council’s resolution #19 of 16 March 2020 on certain types of motor vehicles with an electric motor (EEU FEACN code 8703 80 000 2) are subject to an import customs duty rate of 0% of their customs value. It will be valid until 31 December 2021. </p> <p> </p> <p> As previously reported, the EEU does not plan to extend the zero duty rate for the import of electric cars from outside the EEU from 2022. This follows from the draft resolution of the Council of the Eurasian Economic Commission (EEC) “On Amendments to the Eurasian Economic Commission’s Resolution #107 of 20 December 2017.” Thus, when importing such a vehicle, one would have to pay 15% of the customs value (at the level of the rate for other passenger cars). Analysts believe that the exemption spurred the market for electric cars to grow by more than 1.5 times in 2020, while its abolition would slow the market and infrastructure development. </p> <p> </p> <p> In addition to the zero-rate import duty on electric cars, Belarus provides other incentives to encourage the demand for electric cars, as well as creation of the relevant charging and service infrastructure. For instance, according to the presidential ordinance “On promotion of electric cars,” individuals are exempt from VAT when importing electric cars for personal use in Belarus. </p> <p> </p> <p> Thanks to these privileges there is an avalanche-like increase in the number of electric cars in Belarus: the number of electric cars increased from 400 units in June 2020 (before the decision on zero customs duty on electric vehicles came into force) up to 2.5 thousand in March 2021. According to expert estimates, by the end of 2021 the number of electric cars in Belarus may reach 5000 units, while in 2022 - 25.8 thousand and in 2025 - 112.2 thousand. </p> <p> </p> <p> The zero-rate customs duty on electric cars imported to the EEU territory was introduced on the initiative of Belarus on a temporary basis in March 2020 and is valid until the end of 2021. End </p>
2021-07-28
Primepress
Belarus proposes to extend zero import duty for electric vehicles in EEU till late 2023
MINSK, Jul 27 - PrimePress. Belarus has submitted a proposal to the Eurasian Economic Commission (EEC) to extend the effect of the zero import duty rate for electric vehicles in the Eurasian Economic Union (EEU - Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia) until 31 December 2023 inclusive. The proposal will be discussed till 15 August 2021, the EEC said.
The EEC says Belarus believes their proposal will contribute to creating an electric vehicles market in the Republic of Belarus and member states of the Eurasian Economic Union (EEU) as a basis for the next stage of electric transport - production of electric vehicles, increasing the number of charging stations, promoting the use of environmentally friendly vehicles to improve the environmental situation in major cities.
Currently, in accordance with the EEC Council’s resolution #19 of 16 March 2020 on certain types of motor vehicles with an electric motor (EEU FEACN code 8703 80 000 2) are subject to an import customs duty rate of 0% of their customs value. It will be valid until 31 December 2021.
As previously reported, the EEU does not plan to extend the zero duty rate for the import of electric cars from outside the EEU from 2022. This follows from the draft resolution of the Council of the Eurasian Economic Commission (EEC) “On Amendments to the Eurasian Economic Commission’s Resolution #107 of 20 December 2017.” Thus, when importing such a vehicle, one would have to pay 15% of the customs value (at the level of the rate for other passenger cars). Analysts believe that the exemption spurred the market for electric cars to grow by more than 1.5 times in 2020, while its abolition would slow the market and infrastructure development.
In addition to the zero-rate import duty on electric cars, Belarus provides other incentives to encourage the demand for electric cars, as well as creation of the relevant charging and service infrastructure. For instance, according to the presidential ordinance “On promotion of electric cars,” individuals are exempt from VAT when importing electric cars for personal use in Belarus.
Thanks to these privileges there is an avalanche-like increase in the number of electric cars in Belarus: the number of electric cars increased from 400 units in June 2020 (before the decision on zero customs duty on electric vehicles came into force) up to 2.5 thousand in March 2021. According to expert estimates, by the end of 2021 the number of electric cars in Belarus may reach 5000 units, while in 2022 - 25.8 thousand and in 2025 - 112.2 thousand.
The zero-rate customs duty on electric cars imported to the EEU territory was introduced on the initiative of Belarus on a temporary basis in March 2020 and is valid until the end of 2021. End