The automatic VAT refund should start operating from April 1, Minister of Finance Alexander Danyliuk said in the interview to LIGA.net, Economic Truth informs.
“The law stipulates the time of realization of the new procedure of refund until the end of the first quarter. We are working on it. The key question lies in IT solution for our cooperation with the Treasury and SFS”, Danyliuk reported.
After the solution of all technical problems, the refund will occur each day, but not once a month, as it is now.
“If the business made payment, and it underwent SFS audit, then the VAT is automatically refunded by the Treasury. If there are suspicions, then let SFS audits; however, if there are no grounds for deferment, then please refund it automatically and immediately”, Danyliuk emphasized.
