Farmers are concerned about the amendments to the tax code, which began to operate in January 2018.
Now, VAT must be paid on subsidies received for cost recovery. 18% of the subsidy or budget investment must be returned. The bill did not undergo wide public discussion, said Sergei Korolev, chairman of the public council at the Ministry of Agriculture. Subsidies may or may not include VAT. In the second case, you do not need to return it, but the amendments changed this. We did this to eliminate the risk of double taxation from the budget. As a result, the size of the subsidy is reduced exactly by the tax rate. Those companies that asked for a subsidy without VAT were hit.
The Ministry of Agriculture notes that they did not agree on these amendments. The department is preparing an appeal to the Ministry of Finance with data on what types of subsidies may fall under the new legislation. The Finance Ministry, in turn, speaks of readiness to discuss each specific case and, if necessary, increase the size of the subsidy. 29.03.2018/XNUMX/XNUMX.
A source: http://agrorus-news.ru