New procedure for accounting for VAT has been established for cotton growers

Cotton raw materials from the 2023 harvest will be received by cotton-textile clusters through a fully electronic scale.

For cotton-growing agricultural enterprises (farms), VAT is allowed to be paid and accounted for until the final settlement period for cotton raw materials.

Until April 1, 2026, calculations between cotton-textile clusters and agricultural enterprises (farms) and accounting for VAT will be carried out in the following order:

if the cotton-textile clusters do not make the final calculations for the cotton crop in due time, the agricultural enterprises (farms) considered as VAT payers are given the right to pay the tax debt in installments equal to the period of 3 months;

it is allowed to take into account the amount of VAT specified in the EHF for the cotton harvest received by cotton-textile clusters after the VAT has been paid to the budget by agricultural enterprises (farms).