World meat industry news

The Government of the Russian Federation does not intend to extend the VAT preference on pedigree cattle. This is stated by the Publishing House Sphere with reference to Interfax. The return of VAT payments from January 1, 2021, when selling and charging VAT for pedigree cattle imports, will give the Russian budget additional revenues in 2021-2023. in the amount of 16.6 billion rubles, as can be seen from the draft budget submitted to the State Duma. Earlier, deputies recommended the Russian government to meet the farmers’ desire and extend this preference.

Zero VAT was introduced on October 1, 2016, this benefit is valid until December 31, 2020. From January 1, 2021, the amount of VAT will be 20% or 10%, depending on the type of animals.

Back in July, deputies recommended the government to extend the preferences on sales and imports of pedigree cattle, pigs, sheep, goats, horses, poultry, eggs, and biomaterials to the RF.

Vladimir Kashin, the head of the State Duma Committee on Agriculture, commented on the situation: "We have a difficult situation in animal husbandry: both in the number of livestock and in quality. In this regard, we also introduced a legislative initiative, I also signed it, from January 1 we are running out of a preferential mechanism for the purchase of young breeders.

Well, they decided that everything needs to be completed, not to support small businesses, and let them pay all these duties and VATs and so on. We introduced such an initiative and sent it to the government. "

Source: «Sfera FM»