Business news from Ukraine

Business news from Ukraine

AZOVSTAL TOPS LIST OF LARGEST VALUE ADDED TAX REFUND RECIPIENTS

Azovstal tops list of largest value added tax refund recipients
Azovstal, which is part of Metinvest Group, in August 2019 led the list of the largest recipients of value added tax (VAT) refunds with UAH 1.046 billion, while in July its reimbursement amounted to UAH 4.37 million, according to data on the website of the State Treasury Service. According to the agency, Dniprovsky Iron and Steel Works with UAH 766.42 million and Mariupol-based Illich Steel Mill, affiliated with Metinvest, with UAH 678.07 million also were among the three largest recipients of VAT refunds.
The top five largest recipients were also ArcelorMittal Kryvyi Rih, which in July led the list with UAH 1.05 billion, with UAH 633.73 million in August, as well as Zaporizhstal from Metinvest Group with UAH 467.64 million against UAH 544.05 million last month.
They are followed by Zaporizhkoks with UAH 400 million, Suntrade with UAH 298.13 million, Grain-Agrotrade with UAH 230.66 million, Solar Farm-3 with UAH 219.76 million.
Kernel-Trade agricultural exporter closes the ten largest recipients with UAH 215.55 million (UAH 217.46 million in July).