KYIV. June 24 (Interfax-Ukraine) – Businessmen fear that after the introduction of the electronic value added tax (VAT) administration on the permanent basis they would have to stop paying the tax and stop operations in general until the electronic system is revoked or improved.
According to the Ukrainian League of Industrialists and Entrepreneurs (ULIE), the businessmen said this during a poll.
A total of 1,822 businessmen were polled. A total of 1,483 of respondents said that during the transition period the man hours for the electronic VAT administration grew, and 79% of respondents said that they saw losses due to the introduction of the system. 950 respondents expect that working capital will be washed out after the introduction of the system.
