Marina Zheinova gives official explanation on procedure for forming gross expenditures on purchased imported agricultural goods

DPR People’s Council deputy, Chairperson of the Budget, Finance and Economic Policy Committee Marina Zheinova commented on certain provisions of the DPR Law “On the Tax System”, which regulate the procedure for forming gross expenditures on purchased imported agricultural goods.

“Today, the issue of formation of gross expenses for purchased imported agricultural products is regulated by subparagraph b) of subparagraph 72.3.14 of paragraph 72.3 of Article 72 and subparagraph b) of paragraph 199.5 of Article 199 of the DPR Law No. 99-INS of December 25, 2015 “On the Tax System ”(hereinafter – the Law ). According to this provision, gross expenses include expenses for the purchase of imported agricultural goods, confirmed by the relevant cargo customs declarations and other documents stipulated by paragraph 77.7 of Article 77 of the Law.

That is, if a business entity makes an operation on the purchase of agricultural products from an importer or other supplier and confirmed the transaction with the relevant cargo customs declarations and primary documents in accordance with paragraph 77.7 of Article 77 of the Law, they have the right to include these expenses in gross expenditures,” Marina Zheinova said.

The parliamentarian also added that the provisions of the DPR Law  “On the Tax System” do not restrict taxpayers in purchasing imported agricultural products from persons not registered as an agricultural tax payer, subject to the requirements of paragraph 72.3.14 of Article 72 of the Law (purchasing of imported agricultural products).

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