 |
Photo from http://animalportal.ru
|
As mentioned in my post of 28 December 2011, a new procedure for
the discharge of VAT by processing
enterprises involved in the production of dairy and meat products has been in operation
since 1 January 2012.
The new procedure was introduced by the Law of Ukraine "On
Amendments to the Tax Code of
Ukraine Aimed at Supporting Agricultural
Producers" of 22 December 2011 No 4268-VI (effective as from 1 January 2012).
This Law restated para 1 of subsection
2 of Section XX «Transitional
Provisions" of the Tax Code of Ukraine governing the procedure
for subsidizing milk and meat producers at the expense of the VAT payable by enterprises engaged in
processing the milk and meat purchased from such producers.
Prior to the amendments entered into force, the processing
enterprises had paid VAT to the special fund of the state
budget from which those funds
had been subsidized to milk and meat producers with the ambit of the State Support to Cattle Breeding
Budget Program.
Since 1 January 2012 the processing enterprises have had to remit to
the special fund of the state budget the only part of the VAT due
(for example, in 2012 - 30% in 2013 - 40%). The rest has gone to their special accounts opened with the
bodies of the State Treasury of Ukraine.
The funds accumulated on these special accounts are disposed of by the processing enterprises themselves.
The processing enterprises use these
funds for paying subsidies to the agricultural producers catering them with milk and meat.
No comments:
Post a Comment