In Ukraine, poultry producers are exempted from income tax for 5 years

The article highlights recent revisions to Ukraine's Tax Code, specifically focusing on the impact on the agricultural sector, particularly poultry farming. The new Bill "5600" introduces a five-year income tax exemption for poultry producers, excluding chicken farming, to promote financial stability for the agricultural sector. Additionally, the bill changes the taxation for those raising poultry, ostriches, and quails from the simplified single tax system to the general taxation system. This shift aims to enhance the complexity and fairness of the tax system for agricultural enterprises, reflecting the diverse needs of different farming operations. The changes are set to be implemented following the bill's adoption, marking a significant adjustment in tax policies to support Ukraine's agricultural sector.