On January 12, the Verkhovna Rada of Ukraine in the second reading adopted the draft law "On Amendments to the Tax Code of Ukraine and some other legislative acts regarding implementing the export security regime during martial law and emergency" No. 8166-d. UAC participated in the document development.

The bill above was an alternative to draft law No. 8166, which was previously opposed by agrarian associations.

The new law removes unreasonable regulations regarding the mandatory deposit of 15% of the value of exported goods and takes into account farmer’s proposals.

Unlike the first version of the draft law, bill No. 8166-d does not withdraw working capital of agricultural producers for deposits and gives exporters with a positive tax history the opportunity to export within a certain limit without replenishing the account.

"The norms of the law passed today will be effective in the fight against the non-return of exchange income. It will eliminate discrimination against legal exporters," noted Deputy Head of the UAC Dmytro Kokhan.

However, in order to implement the procedure of the return of foreign exchange income, it is necessary to add more changes to the Customs Code of Ukraine. The corresponding draft law is pending the registration in the parliament soon.