Exemption From VAT Print E-mail
   Russian President Vladimir Putin signed a law that extends the zero VAT rate for breeding livestock products until the end of 2022. Previously, the 0% tax rate was applied from October 1, 2016, and from January 1, 2021, it was supposed to be 20 or 10%.
   The Ministry of agriculture of Russia addressed the National Association of sheep breeders with a request to express their opinion on the extension of the zero VAT rate. The Association supported this legislative initiative.
   VAT exemption applies to the sale of breeding cattle, breeding pigs, sheep and goats, horses, poultry or eggs, as well as seed obtained from breeding bulls on the territory of Russia and importation into the country. In addition, the law applies to embryos obtained from breeding cattle, breeding pigs, sheep, goats, and horses.
 
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