VAT budget refund will be automatic, a Southerner

Бюджетное возмещение НДС станет автоматическим, - Южанина

MP, head of the Committee on taxation and customs policy Nina Southerner hopes that the new Parliament adopted the law, will be able to prevent fraud in the payment of value added tax (VAT). The Southerner reported on air of TV channel “112 Ukraine”.

We are talking about bill No. 5368 “On amendments to the Tax code of Ukraine concerning improvement of investment climate”.

“We will start work refund even without a Desk and additional documentary checks of taxpayers. Automatically, on the basis of the statements that will be considered in chronological order,” said the Southerner.

According to her, this way will be able to execute the revenue part of the budget and to bring in an additional budget of 20 billion UAH.

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“The main task of the country – to stop the fraud with VAT, from all sides, not just the part of taxpayers, because a lot of criticism about delayed compensation from the budget in this area. If we succeeded to avoid abuse of the VAT refund, this is the second side that is manipulating with the value added tax, also would face the state,” said the Southerner.

We will remind, on December 21, the Verkhovna Rada adopted the bill No. 5368 “On amendments to the Tax code of Ukraine concerning improvement of investment climate”. For the bill voted by 240 deputies.

Related news: the Cabinet wants to create a three-year VAT exemption on import of equipment

The law is aimed at improving the investment climate in Ukraine by simplifying the tax system, increasing transparency and quality of tax administration, the elimination of widespread schemes of evasion from taxation, the elimination of inconsistencies.

Recall, December 23, speaker of the Verkhovna Rada Andriy Parubiy has signed the adopted by Parliament law on state budget of Ukraine for 2017.

The budget, the Ukrainian Parliament adopted in the night of 21 December, on second reading and in whole draft law № 5000 “On State budget of Ukraine for 2017”. For the second reading voted 275 deputies, and for adoption in General – 274 MP.