The government has changed the rules for the export of agricultural products – UZA
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The Cabinet of Ministers made a decision to change the rules for the export of agricultural products to combat the shadow market and non-return of foreign exchange earnings to the country.
About this informs Ukrainian Grain Association
The Association states that they plan to publish the relevant government resolution on October 30.
“Within 10 days, the details of the updated export procedure will be worked out, which will involve, as the authors claim, the fight against the shadow market and the non-return of foreign exchange earnings to the country,” the message says.
According to the innovations, companies engaged in the export of agricultural products must be registered in the State Agrarian Register (DAR). Verification in the DAR will take place in the presence of a certificate of the taxpayer as of February 23, 2022 and now.
Also, companies must not have overdue returns of foreign exchange earnings. Otherwise, the exporter will have to obtain a license to export agricultural products.
In addition, there will be a change in the procedure for refunding VAT to exporters, which will take place only after the return of foreign exchange earnings. The revenue return period has been reduced from 180 to 90 days. In addition, the National Bank will prohibit closing accounts until currency controls are lifted.
We will remind:
Ukraine in the 2022/2023 marketing year (from July 1, 2022 to June 30, 2023) exported 48.99 million tons of grain and leguminous crops.
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