OREANDA-NEWS. June 06, 2011. By the end of 2011 Ukraine will turn to automatic refund of VAT. The Ministry of Finance of Ukraine Fedir Yaroshenko said this in Parliament during Question Hour of the Government Minister.

"In 2010, an automatic refund of VTA the Cabinet of Ministers resolved legislatively, that this problem disappeared", - said the Minister.

According to the official, as of June 1, 2011 the Ukrainian companies have been returned 16.7 billion UAH.

"We went to an automatic refund. No country is still in full does not do it. We have the situation when from 50 to 70% of enterprises are returned VAT automatically" - Fedir Yaroshenko said.