The Verkhovna Rada of Ukraine adopted the draft law #1578 “On amendments to the Tax Code of Ukraine and several laws of Ukraine (re tax reform)" amended to cancel the VAT refund during grain export operations for both grain traders and producers. On December 28, 250 people`s deputies voted "For" the appropriate decision.
According to the adopted law, in 2015 the preferential tax treatment rates for agrarians will continue working.
Vladimir Klimenko, Chairman of the Ukrainian Grain Association, noted that of course the market participants will carry out the law, but in the nearest future there will begin discussions between the Ministry of Agrarian Policy and various public organizations. It is necessary to establish the system of automatic VAT refund for all exporters in the case if the government has the required funds.
