Government Proposes 10% VAT Compensation Rate to Boost Farmers’ Income and Sector Formalization

Government proposes a 10% VAT compensation rate for agricultural producers, up from zero.
Compensation is based on total agricultural sales over six months and paid within 30 days of request.
Restaurants are excluded from the scheme to prevent abuse and fictitious transactions.
The measure aims to provide direct fiscal support to farmers and improve supply chain liquidity.
Long-term goals include increased formalization of the agricultural sector, but timely reimbursements are crucial for success.

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.