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New food codes introduced for 10% VAT rate

The government has made changes to the lists of codes of types of food products subject to VAT at a rate of 10%. The corresponding resolution dated December 31, 2019 No. 1952 is published on the Official Internet portal of legal information.

Recall that the lists of codes of types of food products subject to VAT at a rate of 10% are approved by government decree of 3.12.2004 No. 908

At the same time, from October 1, 2019, amendments to Article 164 of the Tax Code of the Russian Federation, introduced by the Federal Law dated 02.08.2019 No. 268-ФЗ, entered into force. They established a preferential VAT rate of 10% for the sale of fruits and berries (including grapes) and abolished the preferential VAT rate for palm oil. Under the new rules, the general tax rate of 20% is applied when selling this product.

Accordingly, now the Government of the Russian Federation has supplemented the applicable lists of codes of types of food products subject to VAT at a rate of 10% with a new section “Fruits and berries (including grapes)”. At the same time, amendments were made to the Vegetable Oil sections of the lists, taking into account that a 10% VAT rate was not applied to palm oil.

Changes made to the codes of types of food products apply to legal relations arising from October 1, 2019.