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President: Ukraine will finally refund VAT timely and transparently
26.10.2016 09:17 "Agro Perspectiva" (Kyiv) —
As of yesterday, while speaking within the 5th session of the Ukrainian National Council of Reforms dedicated to the improvement of the tax system, Ukrainian President Petro Poroshenko said finally Ukraine had made a step towards public registration of claims for VAT refunds, President Petro Poroshenko Press Office reports.
«It is very important that a single VAT register will be created. It will be a great achievement. Ukraine will timely and transparently refund VAT for the first time in 25 years of independence,» the President noted.
It goes about the draft laws to be submitted for consideration by the Parliament.
«There will be no double registers, no manual steps aimed at moving companies upwards or downwards in the register using political, financial or other types of motivation,» the President said.
As to the Head of State, it is suggested that the register and database are administered by the State Fiscal Service, for it has all the information and reports. However, full control over that issue will be ensured by the Ministry of Finance.
«This is just a financial operation of the state, not a resource management,» Poroshenko added.
As to the President, the introduction of open VAT refund system is the instrument to not only improve quality of tax administration, but also reduce corruption.
«There will be less temptation to organize unscheduled inspections, inspections in response and so on. This will significantly improve the investment climate of our state,» Poroshenko added.
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