VAT refund system starts working in Ukraine today

Source : 112 Ukraine

President stressed that priority of VAT refund towards the economic entities should be absolutely transparent
12:27, 1 April 2017

The automatic register of VAT refund will start functioning in Ukraine today. This was reported earlier by the Ukrainian President Petro Poroshenko, according to the presidential press service.

According to him, legislative amendments adopted in 2016 must launch the system of transparent and efficient VAT refund.

“We shouldn’t just open the register. We must ensure absolute transparency of the order of VAT refund. The earlier you apply for the refund – the earlier you get it,” Head of State noted at the National Council of Reforms.

At the same time, Poroshenko added that "every intervention in the register is a criminal offense".

Poroshenko also assured that maximum efforts are required to launch a three-month trial mode of transparent VAT refund and then to ensure its implementation in full.

“Protecting the interests of the state budget, business, taxpayers must be guaranteed in full,” President emphasized. 

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