In Ukraine, there is a proposal to reduce the VAT on staple food products to up to 14%. This is reported by Stepan Chernyavsky, deputy head of the agrarian committee of the Verkhovna Rada, as reported by AgroPolit. It is noted that this measure aims to curb the rapid rise in prices caused by the increase in fuel prices and production costs. The main trigger for the initiative was the escalation of the US-Iran conflict and the blockage of the Strait of Hormuz, which led to a jump in fuel prices. The deputy proposes to apply the European model of support, where reduced VAT rates (often at 5-7%) help the population during periods of high inflation. In Ukraine, it is proposed to set the rate from 0 to 14% on the following categories: • vegetables of the "borscht set" (potatoes, cabbage, carrots, beets, onions); • dairy products and milk; • bread and bakery products; • eggs and sunflower oil. "These products make up the bulk of the consumer basket of Ukrainians, so spending on them puts the
In Ukraine, the possibility of introducing a reduced VAT rate on essential food products at up to 14% is being considered. This was reported by Stepan Chernyavsky, Deputy Chairman of the Agrarian Committee of the Verkhovna Rada, as reported by AgroPolit. It is noted that this measure aims to curb the rapid price increases caused by rising fuel prices and production costs. The main trigger for the initiative was the escalation of the US-Iran conflict and the blockage of the Strait of Hormuz, which led to a surge in fuel prices. Read also: How much does this year's sowing cost Ukrainian farmers The deputy proposes to apply the European model of support, where reduced VAT rates (often at 5-7%) help the population during periods of high inflation. In Ukraine, it is proposed to set the rate from 0 to 14% on the following categories: • vegetables of the "borscht set" (potatoes, cabbage, carrots, beets, onions); • dairy products and milk; • bread and bakery products; • eggs and sunflower ...