On Monday July 21 the Cabinet introduced two bills to parliament. The first is to amend the law on the budget for 2014, and much to shrink government spending. The second amends the Tax Code and other laws, reports The Economic Truth.
If the bills are passed, it will make significant changes in the activity of mushroom farms, using a special tax regime for VAT. Also, this bill may touch some fungal companies whose annual turnover exceeds 20 million USD - they are deprived of the opportunity to pay a fixed agricultural tax.
Text of the bill.
At the moment, the mushroom, using a special tax regime for VAT, the amount of VAT charged accumulate in a special account and used for the needs of the enterprise (in Russian it sounds like "do not pay VAT" - Umdis). Predumatrivaetsya bill that 20% of the accrued payable VAT amounts will need to immediately transfer to the budget, and leave to the special account will only be charged 80% of the amount of VAT.
According to news agency Umdis, the vast majority of legal entities registered as farms today use a special tax regime for VAT, and thus will be forced to a fifth of the VAT charged to the budget list.