GC “Prometey” (Nikolaev) did not receive a refund of value added tax (VAT) in January 2022, in total, the grain trading group was not paid fiscal compensation in the amount of UAH 112 million, the company said in a press release on Monday.
At the same time, she points out that the State Tax Service (STS) is conducting a selective VAT refund, and accuses it of delaying its return by conducting lengthy business audits.
“As reported by the tax authorities themselves, and according to business representatives, in parallel (with the lack of VAT refunds – IF), thorough checks were launched. Informally, the purpose of these audits is to delay refunds, since some enterprises did not receive payments for January and do not have information when this process is de facto launched,” the group of companies said.
The corresponding transition of the economy to manual mode leaves the transition to the “shadow” as the only option for companies to continue their activities, the grain trader emphasizes.
“It is not clear that the business is already receiving refunds, the losses of which are not comparable with the “war” costs of agro-exporters – a strategic direction for the Ukrainian economy. In particular, members of the Ukrainian Association of Furniture Manufacturers claim to receive compensation payments. on the brink of profitability, are still waiting in line to receive refunds,” the press release says.
The grain trader stressed that for Ukrainian agro-industrial companies the issue of the actual VAT refund is not just a positive event, but a necessary condition for survival in the market.
According to the company, due to the unstable situation in Nikolaev, all data on VAT refund payments to the exporter are in the jurisdiction of the tax Volyn region, which does not show any interest in resolving the issue of its reimbursement to Prometheus.
“The company is one of the few that has not closed that part of its business that is located in the Nikolaev region and is in close proximity to the front line. At the same time, more and more taxpayers in Nikolaev have already stopped or closed. Perhaps this is the reason, because behind the scenes, applicants for compensation are divided into categories, and front-line companies are clearly not favorites for fiscal authorities,” the grain trader stated.
“Of course, now the country’s priority is financing defense and security, but selective non-reimbursement of VAT is the transition of the economy to manual mode, and does the authorities leave with this practice only one alternative to agribusiness – transition to the shadow?”, – he added in a press release. .
GC “Prometheus” provides services for the storage, processing and logistics of grain and leguminous crops on the basis of 29 elevators in Mykolaiv, Kirovograd, Kyiv, Khmelnytsky, Zaporozhye, Sumy, Odessa, Kherson and Dnepropetrovsk regions.
At the end of 2021, the group of companies planned to receive $45 million in EBITDA, while in 2020 this figure reached $32.6 million, and in 2019 – $30.5 million.
