This year Chernivtsi payers returned a third more VAT

For eleven months of this year, payers of value added tax consisting on the account in Chernivtsi LIGHTS, reimbursed 57.3 million UAH. VAT. It is 20.3 mln. or more than a third over last year's figures. Recall that starting in 2016, the SFS of Ukraine creates and maintains the Registers of the statements of the payer about return of refund amounts (Reg 1 and Reg 2). In the Register 1 are taxpayers who concurrently meet the criteria specified clause 200.19 of article 200 of the Tax code of Ukraine (hereinafter-TCU) in the Registry 2 – taxpayers who do not meet these criteria. Application of VAT on the receipt of budgetary compensation entered into the corresponding Registers automatically during the operating day of receipt, in chronological order of their receipt. Refund from the budget to taxpayers subject only to the agreed Supervisory authority the amount of budgetary compensation of the VAT, and the date such approval is specified in the register of statements about the return of the amount of budgetary compensation. Timely VAT refund depend on the processes aimed at stimulation of investment climate in Ukraine and development of the business environment. This was reported in the Chernivtsi city Council

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Source: http://uzinform.com.ua/

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