Ukraine: Verkhovna Rada adopted the state budget without extension of the zero VAT on grain exports
There was excluded the standard on extension the zero value added tax when dealing with grains and industrial crops, from the state budget of Ukraine for 2014, adopted by the Verkhovna Rada of Ukraine on January 16.
At the same time, the budget committee recommended to the people's deputies to vote for separate government draft law #3863, providing a reprieve of the VAT refund when dealing with grain trading operations until January 1, 2016.
As a reminder, during 2013 period agricultural association repeatedly appealed to the authorities to recover the VAT on export operations with grains, stating that postponement of the tax return to agrarians may be considered as obstruction to free trade processes.
On January 11 the Cabinet of Ministers registered the draft law #3863, which will extend the zero VAT on trading operations with grains and industrial crops until January 1, 2016.
You should be authorized to post comment
Ukraine: in 2015/16 MY, the market of flour to face the same challenges – expert
July 31, 10:00
Ukraine harvested over 27 mln tonnes of grains - Ministry of Agrarian Policy
July 30, 16:50
Ukraine and 5 European countries joined the EU economic sanctions against Russia
July 30, 14:15
Ukraine signed loan contracts for 500 mln USD from the World Bank, and 300 mln USD from Japan
July 30, 11:10
Ukraine: Noble Group to build a transshipment complex for grains and oilseeds in the Mykolaiv port
July 30, 10:10