Ukraine: VAT-Refund Amount Increased by UAH 6,5 bn
OREANDA-NEWS. August 12, 2013. Since the beginning of the year tax payers were recovered UAH 33.5 billion of VAT while the amount of applications if UAH 30.7 billion. Compared with the corresponding period of the last year, the sum of the budgetary compensation increased by 24.2%, payers were refund by more than UAH 6.5 billion.
According to analysts of the Ministry of Incomes and Fees, a stable tendency on exceeding the reimbursed amounts above applications has been from the previous year. So, in particular, for the entire year 2012 taxpayers was recovered UAH 46 billion when the declared sum was UAH 43.3 billion.
From the current amount of compensation of more than 40% was refund in automatic mode. During January-July 2013 426 payers received 13.6 billion UAH of VAT-refund in automatic mode.
However, as before, mechanism of automatic compensation remains inaccessible for many payers due to low wages.
According to the criteria for VAT-refund in automatic mode, average wages has to exceed the minimum level of not less than in 2.5 times. Only by results of processing of declarations for June 2013 this criterion is not responsible for almost 1.4 thousand of payers.
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