| VAT Refunding Mechanism Effective in 2016 |
VAT Refunding Mechanism Currently in Effect |
| A taxpayer files an application for refunding VAT from the state budget to the taxpayer's account and toward the repayment of its liabilities and amounts it owes to the State Budget by the 20th day of the month next following the reporting period. |
A taxpayer files an application for refunding VAT from the state budget to the taxpayer's account and toward the repayment of its liabilities and amounts it owes to the State Budget by the 20th day of the month next following the reporting period. |
| The application is recorded in the register of VAT refunding to taxpayers who meet the criteria set out in clause 200.19 of the Tax Code of Ukraine,
or
the application is recorded in the register of VAT refunding to taxpayers who do not meet the criteria set out in clause 200.19 of the Tax Code of Ukraine. |
The application is recorded in the Register of Applications for VAT Refunding from the State Budget (the "Register") within one operating day. |
| A desk audit of information contained in the declaration is carried out within 30 calendar days. |
A desk audit of information contained in the declaration is carried out within 30 calendar days. |
| A documentary audit of information contained in the declaration (if there are the grounds set out in clause 200.11 of the Tax Code of Ukraine) is carried out within 25 business days. |
A documentary audit of information contained in the declaration (if there are the grounds set out in clause 200.11 of the Tax Code of Ukraine) is carried out within 30 calendar days. |
| The State Fiscal Service of Ukraine sends to the State Treasury Service of Ukraine its conclusions as to whether the refunding is lawful. |
The VAT refunding amount is verified automatically in the Register and the State Treasury Service of Ukraine refunds VAT to taxpayers' accounts based on the information relating to the amount so verified. |
Vasil Kisil & Partners, Kyiv, Ukraine, <br 
Vasil Kisil & Partners, Kyiv, Ukraine, <br 
Vasil Kisil & Partners, Kyiv, Ukraine, 
