- In the first quarter of 2024, businesses in the Odessa region were refunded 838.6 million UAH in VAT
- 124 businesses in the region applied for VAT refund totaling 930.5 million UAH
- 110 businesses were refunded 838.6 million UAH in VAT from the state budget
- 27 businesses were prevented from receiving budget refunds totaling 34.7 million UAH
- All VAT taxpayers are eligible for budget refunds if they have a legitimate negative balance between tax liability and tax credit
- Timelines and procedures for VAT refunds are defined in the Tax Code of Ukraine
- Timely VAT refunds help businesses maintain cash flow and support production growth
- Useful materials on VAT reporting are available online for taxpayers undergoing reorganization and their successors.
Source: od.tax.gov.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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