According to him, low-rate VAT may be imposed on some spheres – production and tourism in specific regions.
“The next proposal is related to making tax concessions for enterprises operating in the regions. Moreover, another proposal is exemption of agricultural products from VAT. As you know, the Tax Code exempts agricultural producers from VAT by the end of 2018. However, most of farmers don’t engage in production. Those engaging in this purchase raw-material from farmers and produce them. And this leads to VAT which causes price rise”, he said.
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