The State Fiscal Service Specifies the Terms of Settlement for Export- Import Operations
From the 4th of September, the settlement of certain transactions of exports and imports of goods are carried out within a period which does not exceed 90 calendar days.
The State Fiscal Service recalls that according to Art. 1. Law number 185/94-VR "On the order of payment in foreign currency" proceeds of residents in foreign currency shall be credited to their currency accounts in authorized banks in terms of payment of arrears covered by the contract, but no later than 180 calendar days from the date of the customs registration (extract of export cargo customs declaration) products, which are exported, in the case of export of works (services), intellectual property rights commencing from the signing of the act or other document certifying the performance of work, provision of services, exports of intellectual property rights. Exceeding the deadline requires the conclusion of the central executive body that implements the state policy in the sphere of economic development.
For import operations of residents which are carried out based on a deferred delivery, in the case where such a delay exceeds 180 calendar days from the date of the advance payment or the promissory note in favour of a supplier of goods (works, services), which are imported a signing of a central executive body, implementing the state policy in the sphere of economic development is required (Art. 2 of the Law № 185).
In addition, according to the amendments made to the Law № 5480-VI «On Amendments to some legislative acts of Ukraine concerning the extension tool of influence on the monetary market" in the law number 185, the National Bank has the right to impose a term of up to 6 months other terms of settlement, than those specified in chapter 1 Articles 1 and 2. of the Law number 185.
In particular, para 1 of the Resolution of the National Bank dating from September 3rd, 2015 № 581 "On the settlement of the situation in the monetary and foreign exchange markets of Ukraine" determined that the settlement of transactions of exports and imports of goods referred to in Articles 1, 2 of the Law number 185, are carried out during a period not exceeding 90 calendar days.
The resolution came into force on September 4, 2015 and is valid until December 4, 2015, inclusively.
In light of the above, since September 4th , 2015 for a period of up to 3 months operation settlements concerning the export and import of goods (works, services), provided for in Art. 1, 2 of the Law number 185, are carried out within a period not exceeding 90 calendar days.
