The Security Service of Ukraine, together with the Office of the Prosecutor General and the State Tax Service of Ukraine, conducted a special operation to expose and block the State Tax Service of an illegal mechanism for generating VAT tax credits for business entities. During its existence in 2019-2020, this scheme caused losses to the state in the amount of more than 2 billion hryvnias per month.
Sources:
Latest Posts in "Ukraine"
- VAT Exemption for Defense Goods Supply by Subcontractors to State Contract Executors
- VAT Tax Credit Treatment for Expired Creditor Debt Write-offs from Resident Suppliers
- VAT Taxpayer Re-registration Form Requirements and Reason Field Completion Rules
- VAT Budget Refund: Who Has the Right to Claim It
- When is it beneficial for entrepreneurs to become VAT payers?