Ukraine: VAT reimbursement in January 2016
In January Poltava Mining and Processing Works received the largest VAT reimbursement – 720.8 million UAH – among mining and metallurgical companies.
In January Poltava Mining and Processing Works received the largest VAT reimbursement – 720.8 million UAH – among mining and metallurgical companies.
In December 2015 ArcelorMittal Kriviy Rih and Zaporizhstal received the most VAT reimbursement among metal companies – 1.028 and 1.018 billion UAH respectively.
Non-reimbursement of VAT to exporters serves as an indirect exports tax in Ukraine.
In November the major VAT receiver among mining-metallurgical companies was Azovstal with 560 million UAH.
Metinvest hopes for constructive negotiations with the State Fiscal Service as to the paying of VAT debts.
Metinvest companies have received automatic VAT reimbursement, says the head of the State Fiscal Service Roman Nasirov.
In November all Metinvest companies have been excluded from the automatic VAT reimbursement.
The state debt to the Metinvest companies increased in October by 13.1%, from 2.06 billion to 2.33 billion UAH.