The discussion focused on issues related to the additional taxation of livestock and meat exports to other countries.
Meeting participants noted that many of them face difficulties due to the lack of primary documents confirming the value of the purchased livestock. This hinders the ability to determine actual expenses, which, in turn, leads to additional profit tax being assessed based on the full value of the sold products.
To address this issue, a law was adopted that reduced the amount of additional tax to 20 percent. Upon payment of this amount, the remaining 80 percent, as well as fines and penalties, were subject to write-off.
However, entrepreneurs emphasized that even 20 percent of the total sales amount represents a significant financial burden. If they had primary documents, the profit tax would be calculated based on the difference between the purchase and sale prices, which would amount to about 10 percent.
As a result of the meeting, the Chairman of the STS proposed amendments to the legislation that would reduce the amount of additional tax from 20 to 3 percent for livestock exporters, in line with the president's directives to create more favorable conditions for doing business.
This initiative was supported by representatives of the business community.
