The Government of Ukraine is strengthening export controls for 14 types of agricultural products

The Government of Ukraine, by resolution dated October 29, introduced an export support regime for the period of martial law, which applies to 14 types of agricultural products: honey, nuts, wheat and meslin, rye, barley, oats, corn, soybeans, rapeseed, sunflower seeds, soybean oil, sunflower oil, rapeseed oil, cake, - reports the Ministry of Agrarian Policy.

"According to the Bureau of Economic Security and the State Tax Service, over 5 million tons of agricultural products worth over UAH 50 billion were exported in less than 8 months of 2024, with signs of a risk of non-return of foreign exchange earnings. Therefore, in order to minimize violations of the legislation during the export of certain goods, detinize the economy and increase revenues to the budget, the Government introduced the regime of export support for certain categories of agricultural goods," said Deputy Minister of Economy T. Kachka.

The Ministry of Agrarian Policy believes that the rate of timely return of foreign exchange earnings from the export of agricultural products is currently more than 80%.

The new regime of export security provides for:

• export of goods exclusively by registered VAT payers;
• establishing the minimum export value of goods subject to the regime of export security, in which case the difference between invoice and customs value cannot be negative;
• electronic exchange of information between the NBU, the State Customs Service and the State Tax Service to control exporters' compliance with legislative requirements;
• peculiarities of drawing up a tax invoice and its registration in the Unified Register of Tax Invoices.

The resolution will enter into force 30 days after the alignment and adoption of all necessary subordinate regulatory legal acts necessary for the implementation of the Law of Ukraine dated May 9, 2024 No. 3706-IX.

We will remind that on June 18, the President of Ukraine signed draft laws No. 10168-2 and 10169-2 on the fight against "black" grain and the non-return of foreign exchange earnings.