On 14 September 2026, the National Bank of Ukraine (NBU), in coordination with the State Tax Service, extended the mandatory repatriation period for foreign currency proceeds from export operations for certain agricultural products from 90 to 150 days. The measure, formalized by NBU Resolution No. 123, applies to exports of grains, oilseeds, and vegetable oils. The extension aims to support agricultural exporters facing logistical disruptions due to the Black Sea corridor constraints and provides additional time to manage foreign exchange risk and VAT refund claims.
Key Takeaways
- Extended Repatriation Window: Exporters of specified agricultural goods now have 150 calendar days from the date of customs clearance to sell or transfer foreign currency proceeds to authorized banks.
- VAT Refund Alignment: The longer period aligns with the VAT refund verification timeline, reducing the need for bridge financing.
- Selective Application: The extension does not apply to all agricultural products; a detailed list of HS codes is annexed to the resolution.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement