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Grain traders VAT reimbursement progress
05.05.2009 16:08 "Agro Perspectiva" (Kyiv) —
As to State Taxation Administration report, in Mar 2009 Ukrainian grain traders were given over UAH1 milliard VAT compensation. As to Administration, compensation finances were transferred to Agrarian Fund in order to purchase fuels/lubricants (fertilizers, etc.) for agrarians. As to report, grain traders are scheduled to receive ≈ UAH300 mn VAT reimbursement in Apr 2009. Due to Government-developed mechanism, grain traders now are given VAT compensation on condition if they use compensation finances to purchase grains from Agrarian Fund. As to Administration, Government indebtedness for grain traders VAT reimbursement presently totals UAH1.3 mn. It is to be reminded, since 2009 beginning traders have already exported in total 2.4 mn MT grains.
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