Ukraine will change the rules for agriproducts export – UGA




The Cabinet of Ministers of Ukraine adopted a decision to change the rules/procedures for the export of agriproducts. This was reported by the press service of the Ukrainian Grain Association on October 28.

“As UGA found out at the coordination council under the Ministry of Agrarian Policy and Food, the corresponding resolution of the CMU is planned to be published on October 30. Within 10 days, the details of the updated export procedure will be worked out, which will include, as the authors claim, the fight against the shadow market and the non-return of foreign exchange earnings to the country,” the message says.

According to the innovations that the government plans to introduce, companies engaged in the export of agricultural products will need to be registered in the State Agrarian Register (SAR). Verification in the SAR will take place in the presence of a certificate of the taxpayer as of February 23, 2022, and as of now. Companies also need to have no overdue returns of foreign exchange earnings. Otherwise, the exporter will have to obtain a license to export agriproducts.

“Another innovation will be a change in the procedure for refunding VAT to exporters, which will take place only after the exporter returns foreign exchange earnings. The revenue return period has been reduced from 180 to 90 days. In addition, the National Bank will forbid closing accounts until the exchange control is lifted,” UGA added.