The Government introduced an export guarantee regime for certain types of agricultural products

The Cabinet of Ministers of Ukraine has introduced an export security regime for the period of martial law. The regime establishes the specifics of export operations for certain types of goods (agricultural products). The Government adopted the relevant resolution on October 29, 2024.

"According to the Bureau of Economic Security and the State Tax Service, over 5 million tons of agricultural products worth more than UAH 50 billion were exported in less than 8 months of this year with signs of risk of non-return of foreign exchange earnings. Therefore, in order to minimize the schemes of violation of Ukrainian legislation during the export of certain types of goods, to bring a significant part of the economy out of the shadow and to increase revenues to the state budget, the Government introduces the export guarantee regime for certain categories of agricultural products," explained Taras Kachka, Deputy Minister of Economy - Trade Representative of Ukraine.

According to him, the export guarantee regime will provide for:

● export of goods exclusively by registered value added tax payers
● setting minimum export prices for goods subject to the export security regime. The difference between the invoice and customs value of goods should not be negative;
● electronic exchange of information between the National Bank, the State Tax Service and the State Customs Service to monitor and control exporters' compliance with legal requirements;
● peculiarities of drawing up a tax invoice and its registration in the Unified Register of Tax Invoices.

The export security regime will apply to products defined in Article 19² of the Law of Ukraine "On Foreign Economic Activity", in particular:

● honey
● nuts
wheat and a mixture of wheat and rye (meslin)
● rye
● barley
● oats
● corn
● soybeans;
● rape seeds;
● sunflower seeds;
● soybean oil;
● sunflower oil;
● rapeseed oil
oil cake.

The Resolution will come into force 30 days after the harmonization and adoption of all necessary by-laws and regulations required for the implementation of the Law of Ukraine No. 3706-IX dated 09.05.2024, as well as after ensuring the possibility of processing the information specified by this Law in the information and communication systems of the central executive authorities.

Thus, the general rules for the preparation of export tax invoices for these products are still in force.