Ukraine: Grain export tax may be extended till the end of 2012

Ukraine’s Economy Ministry wants to extend the existing grain export tax until the end of 2012, according to a proposed law on the ministry’s website.

The draft stipulates that outbound shipments of wheat, barley and corn will continue to be taxed.

Ukraine started taxing grain exports for the first time on July 1. The current legislation stipulates that the tax will be in force until Jan. 1, 2012 at 9 percent for wheat, 12 percent for corn and 14 percent for barley.

05 October, 2011