EBA urges parliament, govt to take comprehensive measures to support businesses amid war-related risks
The European Business Association (EBA) has appealed to Ukrainian Prime Minister Serhiy Koretsky, the government, the Verkhovna Rada, and the leadership of the tax and customs authorities with a package of proposals to support businesses amid escalating military risks, developed based on the results of meetings with companies that have suffered losses due to Russia's armed aggression.
The European Business Association (EBA) has urged Ukrainian officials and businesses to adopt comprehensive measures to support companies affected by Russia's military aggression. Based on discussions with impacted firms, the EBA proposes a unified system for loss reporting, waiving data requests from state registries, and simplifying compensation and disposal processes.
To address staffing shortages, the EBA suggests extending staffing quotas and increasing their limits. Financing proposals include automating access to loans, grants, and tax benefits, as well as raising compensation limits for affected businesses. The business community has agreed to contribute a higher portion of insurance premiums in exchange for increased coverage.
Tax and customs measures include exemptions from property taxes and VAT for destroyed goods, tax holidays for loss-stricken businesses, and reduced personal income tax rates. Specific industries are targeted through preferential lending, tax exemptions, and simplified customs procedures.
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