Encouragement of Capital Investments in Agriculture Law (Amendment – Equalizing the Benefits in Industry with the Benefits in Agriculture) Bill

What does the bill do?

The proposal changes definitions, the management structure and the conditions for supporting capital investments in agriculture. Among the changes: establishing a dedicated administration for investments in agriculture; changing the corporate tax rates on preferred agricultural income (7.5% and 16%, depending on the region); imposing a 20% tax on dividends from preferred income; and setting new conditions for special producers and preferred income. The amendment applies the provisions to an investor in agriculture and to agricultural companies involved in growing, sorting and exporting agricultural produce.