VAT Refund to Foreign Investors Increased by 40% in Ukraine
OREANDA-NEWS. June 07, 2012. In January-May 2012, foreign investors operating in Ukraine have got 7.27 billion UAH of VAT refunds. Comparing to the same period in 2011, the amount of VAT refund from the state budget to enterprises with foreign capital share has been increased by 40% (at that time investors had 5.2 billion UAH).
Besides, to companies with a capital of European origin it has been offset 6.2 bln UAH, representing 85% of total transferred into accounts of enterprises with foreign capital. By one-third more than last year (4.7 billion UAH) has been refunded to this investors group in 2012.