Grain and Oilseeds

14/ 11/ 2019

On 12 November 2019, the Verkhovna Rada of Ukraine registered the Draft Law “On Amendments to the Tax Code of Ukraine on Certain Issues of Taxation of Value Added Taxes on Exports from the Customs Territory of Ukraine of Oil Crops” No2446.

This Draft Law proposes to cancel provisions of the Tax Code of Ukraine regarding temporary exemption from VAT of transactions for soya beans and rapeseeds exports outside the customs territory of Ukraine. This legislative initiative will help reinstate equal VAT reimbursement policy for soybeans and rapeseeds exports, as well as fair competition in the agrarian market.

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