The government has introduced stricter rules for agricultural exports: what has changed
30 October 2024 06:13
The Cabinet of Ministers has introduced an export guarantee regime for the period of martial law, which will provide for the establishment of minimum export prices for certain types of agricultural products. This is reported by "Komersant Ukrainian" with reference to the Ministry of Economy.
According to the Bureau of Economic Security and the State Tax Service, in less than eight months of 2024, more than 5 million tons of agricultural products worth more than UAH 50 billion were exported with signs of a risk of non-return of foreign exchange earnings.
“In order to minimize schemes of violation of Ukrainian legislation during the export of certain types of goods, to bring a significant part of the economy out of the shadow and to increase state budget revenues, the government is introducing an export guarantee regime for certain categories of agricultural products,” explained Taras Kachka, Deputy Minister of Economy and Trade Representative.
The export guarantee regime will provide for
- export of goods exclusively by registered value added tax payers;
- setting minimum export prices for goods subject to the export security regime. The difference between the invoice and customs value of goods should not be negative;
- electronic exchange of information between the National Bank, the State Tax Service and the State Customs Service to monitor and control exporters’ compliance with legal requirements;
- peculiarities of drawing up a tax invoice and its registration in the Unified Register of Tax Invoices.
The export security regime will apply to products defined in Article 19² of the Law of Ukraine “On Foreign Economic Activity”, in particular
- honey
- nuts
- wheat and a mixture of wheat and rye (meslin);
- rye
- barley
- oats
- corn
- soybeans;
- rape seeds;
- sunflower seeds;
- soybean oil;
- sunflower oil;
- rapeseed oil;
- oil cake.
The Resolution will enter into force 30 days after all necessary bylaws are harmonized and approved.
This decision is the final stage in the implementation of Law No. 3706-IX on combating black grain exports, adopted in May 2024.
