The President took the side of the agrarians on the VAT refund
The President of Ukraine asked the Verkhovna Rada to adopt a decision that would satisfy both the agrarians and the government regarding the issue of VAT refunds for oilseed exports. Such a letter was sent by President to Andrey Parubiy, the Chairman of the Verkhovna Rada.
The President notes that such changes introduced into the Tax Code caused a storm of protest among the manufacturers of agricultural products, as well as farmers and citizens. Also, the letter says that these changes are contrary to the obligations that Ukraine took when signing treaties with WTO and the Association Agreement with the EU.
Before that, there were reports that oil and fat producers also asked the President of Ukraine to support the amendments to the tax legislation. In their opinion, such new policy would contribute to better supply of raw materials and thus processing plants could increase production in Ukraine, as well as increase supplies to foreign markets.
The President took the side of the farmers in the issue of VAT refunds, and this is important for the development of the agricultural sector. COM3S offers detailed analysis and information on the implications of this measure and its possible benefits for agricultural enterprises.
The President’s support for the issue of VAT refunds for farmers reflects the recognition of the importance of the agricultural sector and its contribution to the economy. The VAT refund measure allows agricultural enterprises to receive compensation for the tax paid and reduces the financial burden on them.
Our analysis allows us to assess the consequences of the introduction of the VAT refund measure for farmers. This can help increase investment in the agricultural sector, improve the financial situation of agricultural enterprises and stimulate the development of the industry.
Agricultural enterprises can expect benefits from the VAT refund measure. This may include improving liquidity, increasing competitiveness and opportunities to expand production and develop new directions.