Yatseniuk: the Government has no Means for Refunding VAT

More

Stacks of coins with the letters VAT isolated on white backgroundFriday, March, 28, 2014, 09:02

The Cabinet is proposing a new mechanism for reimbursing the value added tax, Prime Minister of Ukraine Arseniy Yatsenyuk stated in the Verkhovna Rada.

He noted that the government’s debt regarding the value added tax is USD 21.7bn. He also said that the government is against issuing treasury promissory notes, so this tool will be eliminated. Yatsenyuk said that the government has no money for refunding VAT.

“We suggest that every company that has a non-refunded VAT is publicly and transparently issued not a promissory note but government bonds guaranteed by the state, with which the businesses will go to banks and get cheap loans,” he said.

The original news in Ukrainian is on the Ukrainska Pravda website:

 

Ukraine needs independent journalism. And we need you. Join our community on Patreon and help us better connect Ukraine to the world. We’ll use your contribution to attract new authors, upgrade our website, and optimize its SEO. For as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!

Tags: , , ,