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Tax exemptions for an individual engaged in seed production activities
Tax exemptions for an individual engaged in seed production activities
An individual engaged in seed production cultivates wheat and barley and then carries out wholesale and retail sales of these products. We would like to know which taxes are exempted for those engaged in this activity for the years 2025–2026.
According to the State Tax Service under the Ministry of Economy, under Article 13.2.61 of the Tax Code, the sale of agricultural products is considered the supply of agricultural goods within the following conditions:
When supplying crop and other agricultural products, they must retain their natural form, not undergo chemical changes, and not be preserved.
It was stated that the income of individuals derived directly from the production of agricultural products (including by industrial methods) is exempt from income tax.
In addition, under Article 164.1.18 of the Tax Code, the turnover from the sale of agricultural products produced by agricultural producers (including by industrial methods) is exempt from VAT for a period of 13 years starting from January 1, 2014.
An individual engaged in seed production cultivates wheat and barley and then carries out wholesale and retail sales of these products. We would like to know which taxes are exempted for those engaged in this activity for the years 2025–2026.
According to the State Tax Service under the Ministry of Economy, under Article 13.2.61 of the Tax Code, the sale of agricultural products is considered the supply of agricultural goods within the following conditions:
When supplying crop and other agricultural products, they must retain their natural form, not undergo chemical changes, and not be preserved.
It was stated that the income of individuals derived directly from the production of agricultural products (including by industrial methods) is exempt from income tax.
In addition, under Article 164.1.18 of the Tax Code, the turnover from the sale of agricultural products produced by agricultural producers (including by industrial methods) is exempt from VAT for a period of 13 years starting from January 1, 2014.