The National Bank of Ukraine Simplifies the Rules for Transporting (Bringing into and out of, and Transferring Foreign Currency Cash across Ukraine’s Customs Border by Individuals
23.03.2017 12:12 | National bank of Ukraine
The National Bank of Ukraine
has simplified the rules for transporting (bringing into and out of, and
transferring) foreign currency cash across Ukraine’s customs border by
individuals.
First, the NBU has expanded
the list of documents
that resident individuals are required to provide to the customs
authorities when declaring foreign
currency cash exceeding the equivalent
of EUR 10,000. From now on, to confirm the source of origin of foreign currency
cash resident individuals are allowed to
provide not only documents confirming the withdrawal of cash from accounts in
banks (financial institutions) but also
receipts confirming FX transactions if such transactions have been
performed.
Second, Ukrainian diplomatic
mission representatives returning to Ukraine from a long-term overseas mission
are allowed to bring foreign currency cash into Ukraine in the amount exceeding
the equivalent of EUR 10, 000 on the basis of the certificate issued by the
relevant diplomatic authorities.
Third, the validity of the
supporting documents (documents confirming the withdrawal of cash from accounts
and a certificate issued by the relevant diplomatic authorities) that are required for declaring foreign currency cash
to the customs authorities has been extended threefold from 30 to 90 calendar
days.
The amendments to this effect
are provided for by NBU Board Resolution No. 24 of 22
March 2017 On Amendments to the Instruction on Transportation of Cash and
Investment Metals across Ukraine’s Customs Border . The resolution comes into effect from 23 March
2017.