The Verkhovna Rada approved the second reading of the draft law on the fight against “black grain”

Author:
Sofiia Telishevska
Date:

The parliament approved draft law No. 10168-2 on the fight against "black grain" and the non-return of foreign exchange earnings until the second reading. 236 MPs voted for it.

"The corruption amendment (new "soy amendments") from Shurma No. 32, which was opposed by all business associations, was shot down — it did not pass," said the MP Yaroslav Zheleznyak from the "Voice" faction.

According to these words, instead, they adopted amendment No. 33, i.e. "they supported the normal version of the draft law."

The document gives the Cabinet of Ministers the right to launch mechanisms that minimize opportunities for abuse in the export of agricultural products. This should ensure greater foreign exchange revenues for the state and positively affect the stability of the national currency.

For example, the government can introduce an export support regime for certain types of goods, mostly agricultural products.

Within the framework of this regime, it will be prohibited to export goods to foreign economic operators who are not VAT payers.

It is also prohibited to export such goods at prices lower than the minimum permissible export prices (prices will be determined by the Ministry of Agrarian Policy).

Before exporting such goods, the payer must register a tax invoice at the following rates:

  • 0% — payers whose amount of unreturned currency revenue does not exceed 20% (the order of calculation of such an indicator will be determined by the Cabinet of Ministers);
  • 14 or 20% (at the rate for domestic supply of the relevant product) — all other payers. Such payers will be able to adjust the VAT rate by 0% only after the tax office receives information from the bank about the completion of calculations for the relevant export operation.

"Black grain" refers to products that traders bought from farmers for cash and exported abroad. If grain is bought for cash, no taxes are paid during its production. In addition, such grain is often sold through fictitious one-day firms.