VAT to be introduced for livestock breeding in Russia from 2025

Published 2024년 11월 19일

Tridge summary

Russia's Ministry of Agriculture has proposed a draft government resolution to introduce a 10% Value Added Tax (VAT) on livestock breeding products from the next year. The tax will be applicable to adult cattle, calves, purebred sheep, goats, breeding pigs, live farm poultry, breeding freshwater fish, and certain reproductive materials like sperm and embryos. Until now, these products have enjoyed zero VAT. The resolution is part of the implementation of a law signed by President Vladimir Putin, aiming to change the tax payment procedures for various fees and premiums.

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Original content

The Ministry of Agriculture has prepared a draft government resolution, according to which VAT on livestock products of breeding stock will be introduced in Russia starting next year at a rate of 10 percent. The corresponding document has been published on the federal portal of draft regulatory legal acts. This tax rate will be applied to adult cattle, calves, purebred sheep, goats and breeding pigs, live farm poultry and breeding freshwater fish. They also want to apply this measure to the sperm of rams, goats, stallions, boars, stallions, breeding freshwater fish and embryos obtained from them. Previously, zero VAT was in effect for all these types of products for a long time. The resolution should come into force in ...

Source: Rosng