The largest VAT refunds recipients in January and February among metal companies were Mariupol Ilyich Iron and Steel Works and Azovstal, parts of Metinvest Group, with UAH 895 (UAH 382.5 million in December 2016) and UAH 856.3 million (UAH 703.1 million), followed by Evraz DMZ with UAH 731.1 million (no refunds in December 2016), the State Treasury Service has reported.
Some UAH 676.9 million (UAH 2.577 billion) was refunded to ArcelorMittal Kriviy Rih.
In January-February UAH 17.01 billion of VAT was refunded, up by 6.6% YoY. In January only UAH 30 million was refunded, and the sum was paid in several tranches in early and late February.
In December 2016 VAT refunding totaled record-breaking UAH 15.96 billion after a decline to UAH 6.11 billion in November.
According to the State Fiscal Service, in 2016 UAH 94.3 billion of VAT was refunded, up by 37.9% YoY and by 87.8% up on 2014. (Interfax/Ukrainian metal)
