- Only 63% of requested VAT was refunded by the State Tax Service in 2023
- All VAT payers have the right to a refund, but only 63% of the requested VAT refund was paid by the State Tax Service in 2023
- VAT from imported goods increased by 1.4 times compared to the first year of the full-scale war
- Domestic VAT increased by 10% compared to 2021
- The situation with VAT refunds in 2023 improved slightly but has not reached pre-war levels
- In 2023, VAT accounted for 20% of all state budget revenues, compared to 25% in 2022
- The worst VAT refund rates in the last 4 years were recorded in 2022, with only 48% of requested amounts refunded, while the best rates were in 2020 with 97% refunded.
Source: news.dtkt.ua
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
