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Grain and Oilseeds

21/ 05/ 2020

The fair conditions of taxation and fair competition in the agrarian market were finally restored – VAT refunding to Ukrainian oilseed (soya and rape) exporters was resumed. On May 21, the President of Ukraine signed the Law 466 on Amendments to the Tax Code of Ukraine on Improvement of Tax Administration, Elimination of Technical and Logical Inconsistencies in Tax Legislation. This Law, among other things, abolishes the so-called “soybean-rapeseed amendments”.

Representatives of the EBA Grain and Oilseed Committee have repeatedly drawn attention to the need to restore VAT refunding on soybean and rapeseed exports, as unequal taxation and competition existed in the agricultural market for almost 2.5 years.

The European Business Association would like to express its sincere gratitude to all those involved who supported this important initiative.

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