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Palm oil will be deprived of tax breaks due to harm - EastRussia | Far East

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Palm oil will be deprived of tax breaks due to harm

Palm oil will be deprived of tax breaks due to harm
Photo: pixabay.com

In Russia, they are going to abolish VAT exemptions for products made using palm oil. Therefore, the government wants to limit the use of an unhealthy ingredient.

As RIA Novosti reports, in June palm oil prices fell by 7,4% and will not grow. This will lead to even greater popularity of the fat substitute, which is already used everywhere.

Since 2004, Russia has a preferential rate on products with palm oil. The Government of the Russian Federation proposed to increase it from 10% to conventional 20% in order to make the use of this product less profitable.