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trDo tax exemptions apply to the sale of meat purchased from a local producer with an e-invoice?
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Do tax exemptions apply to the sale of meat purchased from a local producer with an e-invoice?
If an entrepreneur purchases meat from a local producer with an e-invoice (ESF) and subsequently sells the product, whether the tax exemption applicable to the sale of agricultural products can be applied depends on whether the entrepreneur is the producer of that product.
According to Articles 13.2.60 and 13.2.61 of the Tax Code, income earned by agricultural producers from the sale of agricultural products produced by themselves and which are not processed products is exempt from profit (income) tax, VAT and simplified tax.
However, if the entrepreneur purchases the meat from another person, the product is not considered to have been produced by the entrepreneur. Therefore, the tax exemption does not apply to the subsequent sale of such meat, and the relevant taxes are calculated under the general rules.
Thus, purchasing the product from a local producer and documenting the transaction with an e-invoice (ESF) does not, by itself, give the buyer the right to benefit from the tax exemption as a producer of the agricultural product.
If an entrepreneur purchases meat from a local producer with an e-invoice (ESF) and subsequently sells the product, whether the tax exemption applicable to the sale of agricultural products can be applied depends on whether the entrepreneur is the producer of that product.
According to Articles 13.2.60 and 13.2.61 of the Tax Code, income earned by agricultural producers from the sale of agricultural products produced by themselves and which are not processed products is exempt from profit (income) tax, VAT and simplified tax.
However, if the entrepreneur purchases the meat from another person, the product is not considered to have been produced by the entrepreneur. Therefore, the tax exemption does not apply to the subsequent sale of such meat, and the relevant taxes are calculated under the general rules.
Thus, purchasing the product from a local producer and documenting the transaction with an e-invoice (ESF) does not, by itself, give the buyer the right to benefit from the tax exemption as a producer of the agricultural product.