From March 1, 2021, the VAT rate for certain agricultural products is reduced to 14%
26/02/21
On February 25, 2021, amendments to the Tax Code of Ukraine on reducing the VAT rate from 20% to 14% on transactions for the import and supply of certain agricultural products in Ukraine came into force.
The 14% rate applies starting from March 1, 2021.
As we informed earlier, the changes concern commodity positions according to the following UKTZED codes:
Animal products 0102 (cattle, live) 0103 (pigs, live) 0104 10 (sheep) 0401 (in part of whole milk) |
Plant products 1001 (wheat) 1002 (rye) 1003 (barley) 1004 (oats) 1005 (corn) 1201 (soybeans) 1204 00 (flax seeds) 1205 (seeds of rape) 1206 00 (sunflower seeds) 1207 (seeds and fruits of other oilseeds) 1212 91 (sugar beets) |
Transactions commenced before March 1, 2021 are to be completed at the VAT rate of 20%.
In addition, the Law stipulates that imports of pedigree purebred animals and breeding (genetic) resources under the above codes remain exempt from VAT under Article 197.18 of the Tax Code.
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1Law of Ukraine "On amendments to the Tax Code of Ukraine related to VAT rate for supply of specific agricultural products" № 1115-IX dated 17.12.2020 (further - "Law")
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