The cinema industry is to be free of tax burden

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An urgent draft law “On Amendments to the Tax Code of Ukraine on State Support of Culture, Tourism and Creative Industries” was submitted to the Verkhovna Rada. The initiator is the President of Ukraine, Volodymyr Zelensky.

According to a report on the website of the President’s Office, the Bill (№ 3851) will reduce the cost of production and distribution of products in the field of culture, tourism, and creative industries. “This means that theatrical performances, concerts, exhibitions, movies, tours in the Ukrainian version will become more accessible for both producers and end-users. Also, this law will provide support for representatives of culture, tourism and creative industries, and promote the dynamic development of these industries”, – the statement issued.

In particular, the bill offers to exempt from corporate income tax (for companies) and personal income tax (for citizens), income in the form of targeted cultural grants provided on a gratuitous and non-refundable basis from the state and/or local budgets, international technical assistance for the implementation of a project or program in the field of culture, tourism and in the creative industries sector.

The bill also proposes to exempt from personal income tax the number of cultural grants on condition of their full and targeted use and provide that in case of incomplete or inappropriate use of such a grant it is recognized as income and subject to taxation on general grounds.

Besides, the document provides for the introduction of a reduced rate of value-added tax of 7% to stimulate demand and increase the availability of socially important services, including operations to provide services for performances, productions, performances of professional art groups, artistic groups, actors and artists, cinematographic first-night, cultural and artistic events, original musical works, exhibition projects, conducting excursions in museums, zoos and reserves and visiting them.

It is also proposed to apply a reduced VAT rate of 7% to transactions for the supply of services for the distribution, screening, public announcement, and showing of films adapted to Ukrainian-language versions of inclusive purposes, as well as specially adapted subtitles for viewing visually impaired people made in Ukrainian (for people with hearing impairments).

The document contains a provision on temporary, from January 1, 2023, to January 1, 2025, exemption from value-added tax for the supply of services for the demonstration, distribution, and screening by demonstrators and distributors of national films and foreign films that are done a voice-over and adapted in the state language versions of inclusive purposes with the help of audio description, as well as with specially adapted subtitles for viewing by visually impaired people, inclusive subtitles made in Ukrainian (for people with hearing impairments).

The draft law initiates the exemption from VAT of import into the customs territory of Ukraine in the customs regime of import of goods that are part of the national cinematic heritage, and the extension until January 1, 2025, of the norm of the VAT exemption for national film supply operations valid until January 1, 2023, the supply of works and services for the production of national films, the supply of works and services for the production of an archival set of source materials for national films and films created in Ukraine, for the reproduction of national films and foreign films dubbed, dubbed in the state language in Ukraine, for dubbing, sounding in the state language of foreign films on the territory of Ukraine, on preservation, restoration, and restoration of the national cinematographic heritage.

Translation: Kirill Voitsyk


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