Yatseniuk requires transparent VAT refunds to exporters by Fiscal Service

15:02, 24.06.2015 1 min read

Ukrainian Prime Minister Arseniy Yatseniuk has demanded that the State Fiscal Service leadership provides a transparent and understandable system of VAT refunds to exporting companies.

"VAT refunds should be transparent and understandable both in an automatic and the so called manual mode," the prime minister said at a meeting on reforming the State Fiscal Service.

Yatseniuk said that a new system of electronic VAT administration would be launched on July 1, therefore the introduction of a new system of VAT compensation is required.

He also noted that in 2014 the government decided to promulgate information on the amount of VAT compensation and recipient companies, and instructed Fiscal Service Chairman Roman Nasyrov to disclose information about the companies to which the state has the highest debt on VAT refunds this year.