Azovstal, Kernel, Illich Steel Works are largest VAT refund recipients in Aug

12:14, 06.09.2017 1 min read

The largest recipient of VAT refund in August 2017 was Azovstal from Metinvest Group, which received UAH 837.4 million, according to the State Treasury Service of Ukraine.

It is followed by Kernel-Trade exporter of oil and other agricultural products with UAH 714.7 million in VAT refunds and another steel works from Metinvest Group – Mariupol Illich Steel Works with UAH 558.8 million refunded.

The top five companies also include Suntrade agricultural exporter with UAH 481.4 million and ArcelorMittal Kryvyi Rih with UAH 426.5 million.

Two agricultural exporters – Myronivsky Hliboproduct with UAH 400 million and the State Food-Grain Corporation with UAH 382 million are sixth and seventh. Another company affiliated with Metinvest, Zaporizhstal, follows them with UAH 177.1 million.

For the first time, Karpatnaftokhim appeared on the list with UAH 121.3 million of VAT refunds. The plant was launched in June after a five-year idle period.

In August, VAT refunding fell by 15% compared to July, to UAH 9.61 billion, and this is 5.6% more than in June.