Amendments to the law on the VAT refund for export of oilseeds and industrial crops
The government voted to postpone the cancellation of VAT refund for the export of industrial crops, and cancelled this law when exporting oilseeds.
Such data was provided by AgroPolit.com.
The number of deputies voted for these changes were 274.
According to the changes introduced, sunflower producers will continue to receive VAT refund, while regarding the other two crops it is only possible to delay this new law taking effect. Regarding rapeseed, the producers will have another 2 years of delay, as the decree becomes law on January 1, 2020. As for soybeans, there is not much time, it was only possible to postpone the enactment of the law until September 1 of the next year, and this law will last for three years.
In addition, the report says that such a version of the law is not final, as it does not suit the producers of products. The deputies voted in order to delay the decree becoming law and to get some time for producers to adjust to the new situation, and to show the government that such a law is contrary to the conditions of work with the EU, and besides, it is simply unfair.
Changes in the law on the abolition of VAT refunds for the export of oilseeds and industrial crops are of significant importance for the agricultural sector. COM3S invites you to get acquainted with the latest changes and explore their impact on the industry and development prospects.
The new legislation has a direct impact on the export of oilseeds and industrial crops. These changes may affect the economic efficiency of production and export of these crops, as well as the competitiveness of the industry.
We have analyzed the legislative changes and offer a detailed overview of their implications. This includes the impact on prices, competitiveness in the world market, as well as possible development prospects for other crops.
Our goal is to provide you with full information about the new legislation and its impact on the export of oilseeds and industrial crops. We offer advice and assistance in developing strategies that take these changes into account to help you adapt to new conditions and achieve success in the industry’s exports.