Business news from Ukraine

Business news from Ukraine

Family farms to be compensated 1.9 mln UAH of SSE – Ministry of Agrarian Policy and Food of Ukraine

11 June , 2023  

The Ministry of Agrarian Policy and Food of Ukraine has sent 1.9 million UAH to an off-budget account for the payment of compensation to family farms, which are single social tax (SSST) payers, the press service of the Ministry said.
According to the information of the ministry, 170 members of agrarian farms have already received money in their personalized accounts as an additional payment for the previous year and the first quarter of 2023.
The procedure for granting SFKs this additional financial support was approved back in 2019 by the Cabinet of Ministers Resolution No. 565 of May 22, 2019.
According to the norms of the law on state support, in the first year the state refunds 90% of the amount of ERUs, but on the condition that the family farm has paid its share of 10%. In subsequent years, the share of compensation by the state is gradually reduced by 10% annually, and the share of payment of ERUs by the SFH, respectively, is increased by 10% annually.
As previously reported, the Ukrainian Agrarian Association urged the Parliament not to exclude ERUs from the certificate of tax reporting.