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Reduced VAT rate for agricultural products

February 23 2021

The President of Ukraine signed the Law “On Amendments to the Tax Code of Ukraine regarding the rate of value added tax on operations for the supply of certain types of agricultural products” ¹ 1115-IX, which was adopted by the Verkhovna Rada on December 17, 2020. 

The document provides for a reduction of the VAT rate from 20% to 14% for the supply and import of certain types of agricultural products into the territory of Ukraine, in particular: cattle, pigs, whole milk, wheat and rye, barley, oats, corn, soybeans, sugar beets, linseed, rapeseed or rapeseed, sunflower and other oil crops. 

Source: www.visnuk.com.ua

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