Bloomberg News

Ukraine Ministry Wants to Extend Grain Export Tax to End of 2012

September 29, 2011

Sept. 29 (Bloomberg) -- Ukraine’s Economy Ministry wants to extend the existing grain export tax until the end of 2012, according to a proposed law on the ministry’s website.

The draft stipulates that outbound shipments of wheat, barley and corn will continue to be taxed.

Ukraine started taxing grain exports for the first time on July 1. The current legislation stipulates that the tax will be in force until Jan. 1, 2012 at 9 percent for wheat, 12 percent for corn and 14 percent for barley.

--Editors: Claudia Carpenter, Alastair Reed

To contact the reporters on this story: Daryna Krasnolutska in Kiev at dkrasnolutsk@bloomberg.net Kateryna Choursina in Kiev at kchoursina@bloomberg.net

To contact the editors responsible for this story: Balazs Penz at bpenz@bloomberg.net Claudia Carpenter at ccarpenter2@bloomberg.net


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