Business news from Ukraine


5 September , 2021  

The agricultural exporter Kernel-Trade and the company specializing in wholesale trade in metals and metal ores Polyus Trading topped the list of the largest recipients of budgetary value added tax (VAT) refunds in August with an indicator of over UAH 1 billion, according to data of the State Treasury Service.
According to them, Kernel-Trade received almost UAH 1.6 billion of VAT refunds last month, Polyus Trading – UAH 1.095 billion, while there is no information on the budgetary refund of this tax to these companies in July.
The top five largest recipients of budgetary VAT refunds in August were also two steel plants – Zaporizhstal – UAH 407 million (in July – UAH 282 million) and ArcelorMittal Kryvyi Rih – UAH 386 million (UAH 315 million), as well as the agricultural exporter ADM Ukraine – UAH 231 million (UAH 159 million), the State Treasury Service said.
The second top five in the list are opened by Poltava Mining and Processing Plant – UAH 182 million (UAH 187.3 million) and Pivdenny Mining and Processing Plant – UAH 170 million (there are no data on reimbursement in July).
The top ten are closed by Viterra Ukraine – UAH 163 million (UAH 194.7 million), Yeristovo Mining and Processing Plant that topped the July list – UAH 157 million (UAH 383 million), as well as AGT – UAH 144 million (UAH 306.2 million), according to the treasury data.
The third five largest recipients in August looked like this: Mykolaiv Alumina Plant – UAH 121 million (UAH 120 million), Nikopol Ferroalloy Plant – UAH 110 million (UAH 190.5 million), Optimusagro Trade – UAH 96 million (UAH 144 million), and Leoni Wiring Systems UA GMBH – UAH 94 million (UAH 200 million).
Two more companies received over UAH 90 million in VAT refunds in August: Nika-Agrotrade – UAH 91 million (UAH 143 million) and Mondelez Ukraine – UAH 90 million (UAH 45 million).
According to the State Treasury Service, in general, in August 2021, budgetary reimbursement decreased to UAH 10.78 billion compared to UAH 11.15 billion in July and UAH 11.99 billion in June.

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