- VAT taxpayers have the right to budget reimbursement if they decide to receive it and submit a tax declaration with a refund application to the controlling authority
- Budget VAT reimbursement is a mechanism for returning part of paid tax that allows taxpayers to preserve working capital and maintain business financial stability
- Companies under economic sanctions or their beneficiaries cannot receive budget reimbursement during the entire period of such sanctions
- Negative amounts related to first supply operations of housing or residential real estate objects are not subject to reimbursement
- To obtain reimbursement taxpayers must submit a VAT tax declaration and refund application which is automatically entered into the electronic register with payment priority determined by application submission date
Source: news.dtkt.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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