Ukraine will introduce mandatory registration for food export companies that is aimed at preventing abuses such as tax avoidance in the export of key agrarian goods, the government said in a resolution published on November 1. Ukraine is one of the world's leading food producers and exporters, but officials estimate that up to a third of goods for subsequent export are bought in cash and without paying the necessary taxes. An additional problem is the illegal concealment or delay of foreign currency proceeds on accounts outside of Ukraine.
Ukraine's Government Imposes New Rules For Food Exports
A combine loads grain onto a truck during the wheat harvest in the Kyiv region. Ukraine is one of the world's leading food producers and exporters. (file photo)