First sums have been refunded under the new scheme of the VAT refund

4/27/17

On April 26, 2017, the State Treasury transferred the first sum in line with the new automatic register of VAT refund to 2704 VAT-payers amounting 9946.4 million hryvnas (99.9% of the approved sum). Only 13 applicants did not receive 5.969 million hryvnas due to incorrect bank data (the bank of the recipient had been liquidated).

On April 27, the State Treasury transferred VAT refund following 111 applications amounting 1133.3 million hryvnas.

The second pending VAT refund tranche comprises 70 applications amounting 196.8 million hryvnas which are due to be refunded on April 28, 2017.

The refund is effected in full and without any discrepancies. All transactions are effected on time. Manipulations with VAT refund and discrimination of business are now impossible. The refund process is transparent for VAT payers — everyone can now monitor the status of refund applications online.

The Ministry of Finance is open for feedback and proposals regarding the operation of the VAT refund register. Please send your comments and proposals to the forum http://vatforum.minfin.gov.ua, our experts will be glad to look into them.

You can mark the parts of text you like, which will be available at the link in the address bar of your browser

You can mark the parts of text you like, which will be available at the link in the address bar of your browser