Grain and Oilseeds

08/ 02/ 2019

On 8 February 2019, the Verkhovna Rada of Ukraine registered the Draft Law “On Amendments to Section XX of the Tax Code of Ukraine regarding certain issues of taxation of value added tax on operations for the export of agricultural products” No 10027.

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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