Ukraine’s President Volodymyr Zelensky signed a law providing for the reduction of the value-added tax rate for certain types of agricultural products.
Kiev. Ukraine. Ukraine Gate – February 23, 2021 – Agriculture
The law aims to provide support for agricultural production in Ukraine, attract investment in industry and increase the competitiveness of local agriculture.
It should be noted that the implementation of the Law “On Amending the Tax Code of Ukraine on the rate of VAT on transactions for the supply of certain types of agricultural products” will reduce the taxpayer to improve the processes of VAT obligations with related products, which will reduce budget losses and encourage Getting rid of the shade in agricultural production.
The law provides for reducing the value-added tax rate from 20% to 14% on transactions for the import and import of certain types of agricultural products into Ukraine, including cattle, pigs, whole milk, wheat, rye, barley, oats, corn, soybeans, sugar beets, flaxseeds, and rapeseed. Sunflower and other oilseeds.
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Source: Ukrgate