Reducing the period for returning foreign currency earnings to 90 days has no positive impact
Danylo Hetmantsev, chairman of the Verkhovna Rada's Tax Committee, says that several agricultural business associations have appealed to the Committee to unreasonably reduce the deadline for returning foreign currency earnings to 90 days.
This decision was made by the National Bank at the request of the Cabinet of Ministers to counter illegal grain exports.
However, the Verkhovna Rada believes that this decision will not have a positive impact. At the same time, it affects white exporters, who, due to the narrowing of the EU market, are forced to supply grain to Asia and Africa, where the payment terms are objectively longer.
I believe that the terms for returning foreign currency earnings should be extended to 180 days.
D. Hetmantsev suggests discussing this issue at the Committee with the participation of business, the Cabinet of Ministers (Ministry of Economy, Ministry of Agriculture), and the National Bank on Friday, April 5, at 12:00.
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