Refund of value added taxes on imports

Payment of VAT involves transferring the difference between the tax liability and the credit to the state budget. If this difference is negative, the taxpayer may exercise the right to a VAT refund from the state budget. Tax law stipulates that VAT refunds should be automatic. However, actual practice shows that there are often problems with this issue.

Legal regulation of VAT refunds

If you need advice or legal support in matters of tax law, you can contact the team of Prikhodko & Partners Law Firm. We have lawyers who focus on this area of law. Therefore, we will provide you with quality advice on VAT issues.

It is worth noting that the VAT refund procedure is regulated by Article 200 of the Tax Code of Ukraine. Thus, a taxpayer is entitled to a refund if the following 2 conditions are met:

• the amount of VAT was actually transferred (i.e., in cash) to suppliers (of services, works or goods) or paid to the state budget;
• such amount did not exceed the registration limit at the time the declaration was filed.

Where the VAT refund can be directed

According to the Tax Code, this amount may be allocated to:

• the taxpayer's account;
• repayment of monetary obligations;
• offset of tax debt;
• tax credit account;
• to several of the above.

Documents for VAT refunds are submitted to the State Tax Service, and funds are refunded in accordance with the chronological order in which the documents were submitted.

High-quality VAT optimization from professional lawyers

The team of Prikhodko & Partners Law Firm is competent in optimization and tax planning services. This applies exclusively to legal tax benefits, as we do not create risks for business, but, on the contrary, take all necessary actions in the legal field to avoid these risks.

What is the complexity of supporting such client requests

When it comes to VAT refunds on imports, it is important that the specialists who handle such cases in the legal field have knowledge not only of tax law but also of customs law. This is due to the fact that foreign economic activity is regulated not only by the Tax Code but also by the Customs Code of Ukraine. Prikhodko & Partners Law Firm employs such experts. Therefore, we offer our clients the following services:

• Advising on VAT refunds on imports. The consultation can be provided both orally and in writing. We will answer all your questions not only in the context of the current legal regulations, but also in the context of how they are specifically applied in your situation.
• Legal support. This includes a set of documentary issues when interacting with the State Tax Service, aimed at ensuring that you do not have to deal with the VAT refund case yourself, but can delegate this case to competent legal experts.
• Representation in court. If you have any legal disputes with the State Tax Service, we are ready to defend your rights and legitimate interests in court to protect them.

Contact us. The lawyers of Prikhodko & Partners Law Firm will help you in matters related to the field of tax law.