Non-refunding of VAT to soybean exporters or economic impact of Soybean amendments
Abstract
Exempting soybean and rapeseed exporters from VAT has a negative effect on the economy of \44.5-60.5 million per year. The implemented policy aimed to increase the processing of soybeans and rapeseed by Ukrainian plants. As a result, the processors received \26 million and the state budget gained \2-18 million. However, soybean farmers, mostly small and medium-sized, received 88.5 million in losses, far outweighing the benefits of processors and the state budget.
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