VAT exemption for fertilizers would generate savings of 23 million soles...

VAT exemption for fertilizers would generate savings of 23 million soles...
VAT exemption for fertilizers would generate savings of 23 million soles...

The Ministry of Agriculture and Irrigation (Minagri) expanded the list of fertilizers that can be used directly by producers at a lower cost to facilitate their acquisition.

In this way, and after five years of steps taken, the result is that 99% of this type of inputs used for agriculture are unaffected by IGV.

Among the fertilizers included are, for example, magnesium sulfate, double salts and mixtures of ammonium sulfate and ammonium nitrate, ammonium nitrate, double salts and mixtures of calcium nitrate and nitrate. ammonium, other mineral or chemical nitrogen fertilizers, among others; All these products are configured into important inputs widely used in the farming for all crops nationwide, such as potatoes, rice, corn, peppers, carrots, peas, mangoes, avocado, coffee, tomato, among others.

It is estimated that the use of these fertilizers will generate a approximate profit of 23 million soles in additional income to producers per year, reaching 199 thousand households below the poverty line, which will be able to improve the production of their crops and contribute to food security, the producers’ livelihoods and nutrition in general.

Similarly, the rational use of fertilizers will help prevent environmental impacts, by increasing agricultural productivity, and therefore, reducing the need to increase the use of additional land for farming. culture. It also favors the reduction of soil degradation and the improvement of crops for each season.

These were the details of the news VAT exemption for fertilizers would generate savings of 23 million soles... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at en24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Prince Philip to be remembered as man of 'courage'
NEXT Youth join mainstream as India unveils development initiatives in Jammu and Kashmir