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You're reading: Yanukovych suggests postponing Customs Code introduction for a year
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In remarks registered in the Verkhovna Rada on Dec. 21, the president proposes postponing the entry of the document into force for a year – until Jan. 1, 2013.

"The adoption of the new Customs Code of Ukraine requires amendments to the Tax Code of Ukraine, and other legislative acts, [and also] requires the adoption of a large number of sub-laws. It is impossible to adopt the necessary laws and regulations during the time remaining before the code enters into force," Yanukovych said.

In addition, the president proposed amending a number of articles of the document, in particular, to lower the limit for the duty-free import of goods into the territory of Ukraine by individuals from EUR 1,000 to EUR 500, leaving EUR 1,000 for checkpoints at airports.

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