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What tax incentives are granted to a fish farming enterprise?
What tax incentives are granted to a fish farming enterprise?
The company has been engaged in fish farming activities in the Neftchala district since 2020 and sells the fish it produces both in frozen form and after smoking. Prior to the amendments to the Tax Code concerning fish farming, the sale of these products was subject to taxation. Will the company be eligible for tax incentives from 2026 onward, considering that fishing activities are now treated as agricultural activities?
According to the State Tax Service under the Ministry of Economy, amendments to the Tax Code effective from January 1, 2026, extend the tax incentives granted to the agricultural sector to fishing activities as well (excluding the production of fish roe/caviar).
Under these amendments, fish products produced by fish farming entities and subjected only to cutting and freezing operations are considered agricultural products for the purposes of the Tax Code. Fish products that undergo processing operations are excluded from this provision.
Therefore, fish products that are only cut and frozen are treated as agricultural products, and the tax incentives available for agricultural activities apply to the company's operations related to such products.
However, fish products that undergo smoking or any other processing operation are not regarded as agricultural products, and the sale of these products remains subject to taxation under the general rules established by the Tax Code.
Legal basis: Article 13.2.60 of the Tax Code.
The company has been engaged in fish farming activities in the Neftchala district since 2020 and sells the fish it produces both in frozen form and after smoking. Prior to the amendments to the Tax Code concerning fish farming, the sale of these products was subject to taxation. Will the company be eligible for tax incentives from 2026 onward, considering that fishing activities are now treated as agricultural activities?
According to the State Tax Service under the Ministry of Economy, amendments to the Tax Code effective from January 1, 2026, extend the tax incentives granted to the agricultural sector to fishing activities as well (excluding the production of fish roe/caviar).
Under these amendments, fish products produced by fish farming entities and subjected only to cutting and freezing operations are considered agricultural products for the purposes of the Tax Code. Fish products that undergo processing operations are excluded from this provision.
Therefore, fish products that are only cut and frozen are treated as agricultural products, and the tax incentives available for agricultural activities apply to the company's operations related to such products.
However, fish products that undergo smoking or any other processing operation are not regarded as agricultural products, and the sale of these products remains subject to taxation under the general rules established by the Tax Code.
Legal basis: Article 13.2.60 of the Tax Code.