Policy Papers

• 03.07.2010

  The VAT refund problem: Towards a sustainable solution for the future

  (Code:PB_02_2010)
  • Since 2008: Companies face massive problems for receiving legitimate VAT refunds from the government
  • Result: Huge accumulation of VAT refund arrears
  • May 2010: UAH 27.3 bn
     - Equivalent to 2.5% of GDP and 8.4% of consolidated state budget
  • Strongest hit sectors (April 2010):
     - Agriculture (UAH 7.1 bn)
     - Metallurgy (UAH 7.1 bn)
  • Furthermore: Very unequal treatment of companies
    → No level playing field
  Attached file  (828.2 kb)
  Authors:  Кірхнер Роберт, Джуччі Рікардо
  Tags:  German Advisory Group, tax