World meat industry news

Senators approved a budget-forming law, which, among other things, extends until January 1, 2025, the exemption from VAT on the import and sale of pedigree livestock and fish products in the Russian Federation.

In accordance with the current legislation, import into Russia and sale on its territory of breeding cattle, breeding pigs, sheep, goats, horses, poultry, eggs, as well as seeds and embryos obtained from them, breeding fish and juveniles obtained from it up to 1 January 2023 are exempt from value added tax (VAT).

The law extends this benefit for another two years. It shall enter into force on the day of its official publication, with the exception of other norms for which a different period is set.