Belarus and Kyrgyzstan changing taxation of agricultural produce

09.03.2017

Belarus and Kyrgyzstan are lifting barriers regarding VAT on some agricultural products, reports UkrAgroConsult.

The taxation will be changed in the course of work for removing obstacles to free movement of goods and services in domestic markets of the EAEU.

According to the Eurasian Economic Commission, Belarus has reported an intent to cancel its 10% VAT rate on sales of vegetable, bee, animal, fish products made in the country. “The cancellation is envisaged from July 1, 2017, - the Commission specified. - Thus, the taxation conditions in this area in Belarus will become equal for all residents of the EAEU member states.”

Kyrgyzstan is planning to cancel the VAT exemption for imported flour from April 1, 2017. The VAT exemption was not fully compliant with the Union’s regulations. “According to the Agreement on the Union, the member states in their mutual trade charge taxes and other dues on goods from EAEU countries in a manner so that their taxation be no less favorable than taxation of similar national goods,” - the EEC explained.

 

UkrAgroConsult

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