Chernivtsi producers turned more than 20 million VAT
within seven months of this year Chernivtsi business refunded VAT of UAH 20.8 million, including 10.5 million. UAH., Or more than 50 percent of the VAT refund received by the payer's account automatically mode. Compared to the same period last year cherniveversities company returned to its accounts for 2 million more taxes, and the amount of compensation in July exceeded last year's figures almost double (in July 2015 was repaid 2.1 million. UAH., and in 2014 - 1.1 mln. UAH .). Overall this year Chernivtsi taxpayers listed in the state treasury 156.5 million. UAH. value added tax,which is 7.8 mln. UAH. exceeding last year's revenues. The number of representatives of the real sector of the economy that are VAT-service automation, Chernivtsi is growing steadily. There are currently 22 representatives of business Chernivtsi were refunded automatically. Please note that for avtovidshkoduvannya even with the introduction of electricitynnoho VAT administration company must meet several criteria. With effect from 1.1.2015, the new wording of paragraph 200.19 of Article 200 of the Tax Code and under the new Procedure for determining compliance with the payer of VAT criteria are entitled to receive automatic VAT reimbursement, approved by Minfinitesimal Ukraine from 11.14.2014 year 1128, the number of criteria for automatic budgetary compensation reduced, and some of them changed. In particular, the right to receive automatic budgetary compensation tax are the taxpayers that meet both the following criteria: - Not in court bankruptcy proceedings; -with the ground state; - Have fixed assets, the residual carrying amount of the reporting date which tax accounting exceeds three times the amount of tax claimed for refund or received for one year from the banking institution, listed by the Cabinet of Ministers of Ukraine, a financial guarantee; - Exercisetransactions subject to the zero rate (the share of which during the preceding twelve consecutive tax reporting period (months) aggregate is at least 40 percent of total deliveries (for taxpayers with quarterly reporting period - during the previous four consecutive periods); - ZdiysNeely investment in fixed assets of not less than 3 million in the last 12 calendar months. Taxpayers who earned an automatic refund on the basis of this criterion, the amount of such compensation shall not exceed the aggregate amount of tax paid as a part of the cost of acquisitions (including the timesand their entry into the customs territory of Ukraine) / constructed fixed assets regardless of whether they were commissioning; - Have no tax debt. The timely reimbursement of VAT depend on the processes aimed at stimulating the investment climate in Ukraine and business development - environment. This was reported in ChernivtsiCity CouncilSource: http://artlife.rv.ua/