The Verkhovna Rada, Ukraine's parliament, has postponed the cancellation of value-added tax (VAT) refunds from the national budget for rapeseed exports until January 1, 2020, and for soybeans exports until September 1, 2018.
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.
Ukrainian President Petro Poroshenko says he believes that the introduction of the electronic register of automatic VAT refunds in Ukraine is another step taken by Ukraine towards the European Union, according to the presidential press service.