- Only 63% of requested VAT refunds were paid by the State Tax Service in 2023
- Amounts to be refunded decreased by almost one and a half times
- VAT on imported goods increased by 1.4 times compared to the first year of the full-scale war
- Domestic VAT increased by 10% by 2021
- The Tax Service refunded 63% of the amounts claimed for refund in 2023, almost UAH 78.5 billion
- Worst VAT refund rates were recorded in 2022 at 48%, and the best in 2020 at 97%
- VAT on domestic goods, including refunds, amounted to 8.6% of the budget, and VAT on imported goods was 11.5%
- VAT will account for 20% of all state budget revenues in 2023, compared to 25% in 2022.
Source: open4business.com.ua
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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