New on the application of the additional VAT credit

Changes in subparagraph 2) of paragraph 1 of Article 411 of the Tax Code, which have been in force since January 1, 2020 until January 1, 2023.

Thus, the list of activities for which an additional VAT credit is applied, supplemented by the following activities:

preparing of cotton fiber;

yeast production;

production of chocolate, sugar confectionery, cookies and flour confectionery of long-term storage, subject to the conclusion of an agreement by the taxpayer in accordance with the procedure established by the authorized body in the field of development of the agro-industrial complex;

production of sugar from sugar beet.