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Ukraine: Work is starting on a law reducing excise duty on fuel for agricultural machinery

Ukraina: Ruszają prace nad ustawą obniżającą akcyzę na paliwo do maszyn rolniczych

As Latifundist reports, citing a statement from the All-Ukrainian Agrarian Council (VAR), the Parliament's Tax Committee has already established a working group to develop a draft law on reducing excise tax on fuel for agricultural machinery.

In addition to MPs and representatives of the Ministry of Agriculture and Finance, the group also included representatives of agricultural enterprises. According to preliminary assumptions, the act is to introduce a reduction mechanism for excise duties of 0.5 to the rates paid by agricultural companies and farmers for diesel oil.

The bill is to be ready in three months. It will then be considered by the Supreme Council.

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