The National Fiscal Service explains
Any legal entity, resident of Ukraine, that changes (has changed) its location having moved from the temporarily occupied territory to other area in Ukraine is exempted from taxes (article 271 of the Tax Code of Ukraine) on property, plant and equipment, as well as low value and rapidly wearing items belonging to legal entities that have changed their place of business having moved from the temporarily occupied territory to other place in Ukraine, or being transported to another place for further economic use on condition that the said fixed assets were included in the balance sheet as of January, 2014, as being “in free circulation” in the territory of Ukraine, the National Fiscal Service elucidates.
These fixed assets can be alienated before being put into operation in a new location in the territory of Ukraine or during 12 months after putting into operation on condition of paying taxes, fees in compliance with article 30 of the Tax Code of Ukraine.
The relevant norm is specified in item б), par. 15.1 of article 15 of the Law of Ukraine dd. August 12, 2014, No. 1636 – VII, titled On Crimea Free Trade Zone and particularities of economic activates in the temporarily occupied territory of Ukraine.
