The State Budget of Ukraine shall reflect consolidated VAT amount (i.e., the difference between the …
The State Budget of Ukraine shall reflect consolidated VAT amount (i.e., the difference between the income from VAT and expenses for VAT refund). For this purpose the Budget Code of Ukraine shall be respectively amended. In our view, if implemented, such an approach would allow overthrowing traditional argumentation of the tax authorities that VAT refund is effectively limited by the limits foreseen in the State Budget.
Based on the report:
“PROBLEMS WITH ADMINISTERING BUSINESS TAXES IN UKRAINE” October 2015
State:
Status:
— comments: In the state budget, starting from 2016, planned VAT receipts from goods (works, services) produced in Ukraine are reflected as a balance between tax collection and reimbursement. The same principle is envisaged in the approved budget for 2019.