Tax from the beginning of the year I returned to exporting over 100 billion UAH of VAT

The number of taxpayers who claim the refund of value added tax (VAT) in 2018 rose by 1 thousand to 5 thousand applications, announced acting head of the State fiscal service (GFS) Alexander Vlasov.

Налоговая с начала года вернул экспортерам более 100 млрд гривен НДС

“We capture the growth of applications for VAT refund from the budget. So, in 2018, the number of taxpayers who declared the refund of the tax amounted to more than 5 thousand That almost on 1 thousand applications more than last year”, – the press service quoted acting head of the SFS on the Agency’s website.

Monthly application for compensation of the VAT in 2018 increased by 20% to 11.5 billion UAH. While more than 85% of the declared recoverable amounts are returned during the month, the GFS indicates.

At the same time, the average monthly compensation of the VAT has increased this year by UAH 1.1 bn to UAH 10.8 billion, according to the Department.

As reported by Occasionsto, in January-October 2018 the VAT was refunded in the amount 107,9 billion UAH, which is 11% higher compared to the ten months of last year. Including the October indemnity amounted to UAH 10.3 bn vs. 12.46 billion in September 2018 and 9.7 billion in October 2017.

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