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Ruslan Kravchenko: VAT Refunds Increase by 30% in First Quarter of 2025

  • VAT refunds increased by 30 percent compared to last year
  • 42.4 billion UAH refunded in the first quarter
  • Tax service aims to maintain positive trends
  • Discussion included business, government, local authorities, investors, bankers, and international partners
  • Ruslan Kravchenko thanked businesses for their resilience and contribution
  • Tax revenue exceeded the plan by 36 billion UAH in the first quarter
  • Effective communication with businesses is a priority
  • Efforts to reduce blocked tax invoices and risky enterprises
  • Discussion on legislative changes and their impact on businesses
  • Emphasis on clarity and predictability to support growth

Sources:

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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