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Finance ministry proposes extending VAT exemptions through 2016
Journal Staff Report

KIEV, Dec. 26 – The Finance Ministry has drawn up a draft law extending the value-added tax exemption for transactions involving grain and industrial products through January 1, 2016 and agreed it with the state service for regulatory policy and entrepreneurship development, Justice Ministry, Income and Tax Ministry and other agencies, the Ukrainian Agrarian Confederation reported.

According to an explanatory note to the document published by the UAC, the postponement of VAT collection is linked to the necessity of reducing the 2014 budget misbalances.




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