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Russia reduce VAT rate for Uzbekistan’s exporters of fruits, vegetables

Business Materials 8 January 2020 19:55 (UTC +04:00)

BAKU, Azerbaijan, Jan. 8

By Fakhri Vakilov-Trend:

According to the information of Uzbekistan’s Embassy in Moscow, Russia is making changes to the list of food products subject to value added tax (VAT) at a rate of 10 percent, Trend reports citing press service of Uzbekistan’s Foreign Ministry.

In particular, the list of food products imported into Russia that are subject to preferential VAT has been expanded.

The main export positions of fresh fruits from Uzbekistan, such as watermelons, melons, grapes, figs, apples, pears, quinces, apricots, cherries and cherries, peaches (including nectarines), plums and lemons, will now be subject to VAT at a rate of 10 percent instead of the previous 20 percent.

However, the changes do not affect dried fruit and vegetable products. For this category of goods, the VAT rate remained at the level of 20 percent.

The changes create an opportunity to increase the supply of fresh fruits and vegetables from Uzbekistan directly to the Russian market.

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