Today, November 28, the Tax Committee of the Verkhovna Rada of Ukraine supported and recommended for voting a draft law No. 8166-D "On Amendments to the Customs Code of Ukraine and other laws of Ukraine regarding the adoption of special export procedures", which includes amendments suggested by the UAC - eliminates discrimination against legal exporters and unreasonable regulations regarding the mandatory  15% fee on the value of exported goods.

"The draft law 8166-D gives legal agribusiness the right to export without any additional regulation within the established limit (overdraft). The average monthly amount of legal exports of the previous half a year is multiplied by two and can be exported monthly. Export can be carried out according to the current procedure, without any additional regulation

If there is a need to export more than the given limit, then it is necessary to register a tax invoice for the amount of such excess at the rate of 14%. And then, accordingly, after currency exchange transactions for the purchase, you can adjust such an invoice from the tax rate of 14% to 0% and receive a VAT refund.

According to the tax invoice VAT will act as a guarantee of the return of foreign exchange earnings (similar to a deposit). But now it is not necessary to deposit "live" money, but you can register an invoice for a tax credit, formed of the official purchase of goods or services," commented Deputy Chairman of the UAC Dmytro Kokhan.

The Chairman of the Tax Committee of the Verkhovna Rada, Danylo Hetmantsev, expressed special thanks to the UAC experts for the proposal on VAT taxation of export operations until the currency is returned to the country, instead of the "export deposits" previously proposed by the deputies. This approach is really effective in fight against the non-return of foreign exchange earnings and, together with the export "overdraft", will not create an additional burden on legal exporters.