Position of the American Chamber of Commerce in Ukraine regarding cancellation of VAT refund for export of certain agricultural products in the customs regime
In December 2017 the Verkhovna Rada of Ukraine has adopted in the second reading and in general Draft Law #6776-d dated November 14, 2017 “On Amendments to the Tax Code of Ukraine regarding Guarantee of the Equation of Budget Revenues in 2018”. The Draft Law, inter alia, foresees cancellation of VAT refund for export of oilseed crops, namely soybean, rapeseed, and sunflower.
Therefore, the Chamber addressed the Prime Minister of Ukraine Volodymyr Groysman, Members of Parliament of Ukraine and responsible members of the Government to develop and register in the Verkhovna Rada of Ukraine the Draft Law, which will provide the improvement of the amendments regarding cancellation of VAT refund for export of oilseed crops. Despite the recent changes, the American Chamber of Commerce in Ukraine will continue to make every single effort for final settlement of the this issue. Considering that the issue is complex, the experts of Chamber Member Companies are ready to continue further discussion in order to harmonize the interbranch interests of producers and processors.