NBU wants to restrict payments in cash for deals with grain to UAH 50,000 - UGA
The National Bank of Ukraine (NBU) at a meeting with the Agricultural Policy and Food Ministry of Ukraine and the Ukrainian Grain Association (UGA) has proposed that the limit for cash payments during grain transactions should be cut from UAH 250,000 to UAH 50,000.
"At the meeting in the ministry headed by Volodymyr Lapa I asked if the NBU can introduce restrictions on cash payments. "Yes, we set the restriction of UAH 250,000 and today we're mulling UAH 50,000," the NBU's representatives said," UGA President Volodymyr Klymenko said at a press conference in Kyiv on Thursday.
He said he proposed that the figure is reduced to UAH 25,000. He said that in the near future, it is planned to hold a meeting with the participation of representatives of agricultural associations and Finance Minister Natalie Jaresko where transfer pricing in agriculture and the revoking of the special VAT regime for farmers will be discussed.
Advertising
Advertising
MORE ABOUT
NBU lifts restrictions on import of works, services; introduces other currency concessions
21:01, 03.05.2024
NBU requires Getin Holding to sell Idea Bank within six months
10:09, 03.05.2024
NBU completing development of bill on war risk insurance system in Ukraine
16:21, 30.04.2024
Zelenskyy: Another batch of Ukrainian grain delivered to Sudan
14:35, 26.04.2024
Agrarian Ministry predicts reduction in grain production to 52.4 mln tonnes in 2024, oilseed harvest at 21.7 mln tonnes
16:39, 17.04.2024
LATEST
New EU sanctions will apply to supplies of manganese ore and aluminum oxide to Russia – Latvian authorities
21:07, 03.05.2024
Ukrainian coal could be exported due to shutdown of Centerenergo in Russian heavy shelling – Minister of Energy
19:26, 03.05.2024
DIM company accredits houses under construction in eOselia program
19:22, 02.05.2024
Shareholders of Interpipe Nyzhniodniprovsky Pipe Rolling Plant updates composition of supervisory board, re-elected four members for new term, incl its head
19:05, 02.05.2024
Philip Morris to invest $11 mln in launch, commercialization of new version of tobacco heating device in Ukraine