- Russia expands the list of agricultural seeds eligible for a reduced VAT rate
- The new VAT rate of 10% applies to seeds treated with biological or chemical agents
- Resolution No. 3596-r issued by the Russian government came into effect on 14 December 2024
- The resolution applies retroactively from 8 August 2024
- The expanded list includes seeds from wheat, barley, rye, sorghum, millet, buckwheat, beans, potatoes, onions, sugar beets, clover, and more
- The goal is to support domestic breeding and increase import independence for seeds by maintaining a lower VAT rate on these seeds
Source: regfollower.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
