KYIV June 23 (Interfax-Ukraine) – Refunds of value added tax (VAT) in the first half of 2017 will amount to about UAH 57.9 billion, which is 60.4%, or UAH 28.1 billion, up on the first half of 2016.
This forecast was given by Director of the Ukrainian State Fiscal Service’s corporate taxation department Olena Antipova.
VAT refunds in January-May amounted to UAH 47.9 billion with VAT reimbursement applications placed for UAH 48.1 billion, she said at a press conference in Kyiv on Thursday. VAT refunds paid in April-May alone totaled UAH 21 billion with applications for UAH 19.8 billion.
Some 97% of the reimbursement in April-May was handled within 30 days due to the launch of the electronic tax register on April 1, 2017, she said.
