May 12 2004, 08:23 UNIAN

Government suggests to reduce VAT for agricultural producers to 10-pc level since January 1, 2005

Cabinet of Ministers of Ukraine has prepared some corrections into the legislation, according to which it is proposed to set the VAT rate for agricultural producers at a 10-percent level, the Vice-Prime Minister Ivan Kirilenko said on May 11.

"We will introduce a special taxation regime in agriculture since the year 2005", he said.