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VAT - Latest news GMK Center

Photo – The issue of delayed VAT refunds remains unresolved
The issue of delayed VAT refunds remains unresolved

VAT refund debt has remained at UAH 29-31 billion since April

Photo – The government hasn’t been able to fix the problem of late VAT refunds yet
The government hasn’t been able to fix the problem of late VAT refunds yet

It's likely that the issue of VAT refunds will stay relevant until the war is over

Photo – Untimely VAT refund is a systemic problem for Ukrainian economy and steel sector
Untimely VAT refund is a systemic problem for Ukrainian economy and steel sector

Iron and steel exporters are being stripped of vital working capital due to questionable actions by Ukrainian tax authorities

Photo – The volume of VAT refunds fell to UAH 600,000 in July
The volume of VAT refunds fell to UAH 600,000 in July

In June, the state reimbursed taxpayers UAH 9.5 billion of value added tax

Photo – The government delays VAT refund to steelmakers worth ₴2 billion
The government delays VAT refund to steelmakers worth ₴2 billion

VAT refund arrears in December reached an unprecedented level over the recent years