The changes brought in some acts of Ukraine are given in this article.
THE PRESIDENT OF UKRAINE PROLONGED PRIVILEGES ON THE VAT FOR LANDOWNERS ON 2008
Poleinform …
The president of Ukraine signed on December 30, 2007 passed by the Verkhovna Rada of Ukraine the Law About the Government budget of Ukraine for 2008 and about modification of some acts of Ukraine.
This law made changes to the Law About a value added tax regarding extension till January 1 of the year following after a year in which the Verkhovna Rada of Ukraine ratifies the protocol on accession of Ukraine to the World Trade Organization (WTO), actions of articles 6.2.6, 11.21 and 11.29 of this law.
Thus, until the end of the year, in which the Verkhovna Rada of Ukraine ratifies the protocol on accession of Ukraine to the WTO, are kept:
– mode of accumulation of the VAT agricultural enterprises;
– a zero rate of the VAT by supply of milk and meat in live weight on processing enterprises;
– grants for milk and the meat delivered by producers to the processing enterprises.
Implementation of the law will allow peasants to receive about 6-7 billion UAH. indirect state support that will positively affect economy of agricultural enterprises.
Also we will note that the Government developed the bill of introduction since April 1, 2008 (but no later than the moment of the introduction of Ukraine in the WTO) till January 1, 2009 of a mode of accumulation of the VAT for producers of all agricultural production, including concerning operations on supply of milk and meat in live weight on processing enterprises. On compensation of losses for producers of milk and meat (from cancellation of a zero rate and grants at the expense of the VAT) it is offered to provide 1,4 billion UAH. the budgetary grants at the rate on a year.
Let’s remind, on December 26, 2007. The Ukrainian Agrarian Confederation urged People’s Deputies of Ukraine to keep the favorable tax treatment of agricultural industry in 2008.
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