Ukraine's Cabinet doesn't support cancellation of VAT refund for oilseeds exports

REUTERS

12:47, 21.12.2017

0 min. 140

Ukrainian First Deputy Minister of Agrarian Policy and Food Maksym Martyniuk says Ukraine's government opposes the introduction of amendments to the Tax Code of Ukraine, which will cancel value-added tax (VAT) refunds for exports of rapeseed, soybeans and sunflower seeds as of March 1, 2018.

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This position was agreed with Ukrainian Prime Minister Volodymyr Groysman, Martyniuk said at the All-Ukrainian Agrarian Veche (Forum) on December 19.

Read alsoUkraine boosts revenue from agriexports by quarter in 10 monthsMartyniuk says the Cabinet supports the idea that incentives are needed to facilitate the processing of farm produce in Ukraine, yet the government does not want that to happen at the expense of the agrarians.

He also promised that the possibility of issuing a separate statement where the government will ask parliament to maintain VAT refunds to oilseeds exporters would be discussed with Prime Minister Groysman.

Groysman VAT agrarians farms oilseeds

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