Ukraine: AMKR and Zaporizhstal get over 1 billion of VAT in December 2015
In December 2015 ArcelorMittal Kriviy Rih and Zaporizhstal received the most VAT reimbursement among metal companies – 1.028 and 1.018 billion UAH respectively.
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.
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.
The largest receivers of the VAT-reimbursement in October were Dneprovsky Iron and Steel Works named after Dzerzhinsky (578.1 million UAH) and ArcelorMittal Kriviy Rih (430.8 million UAH).
The state owes Metinvest Group some 2 billion UAH of VAT reimbursement.
In September the major receiver of VAT reimbursement among mining-metallurgical companies was ArcelorMittal Kirviy Rih (910.3 million UAH).