VAT refunds in Ukraine may cause difficulties for accountants who have not worked with SFSU desk audits and did not encounter the VAT refund procedure, which is carried out from the budget.
Income tax refund procedure
VAT can be refunded only after the declaration has been submitted. To do this, you need to prepare an application for VAT refund. Data analysis is also required to correctly calculate the amount of compensation. Specialists in the field of tax law of the audit company «Key Solutions» are familiar with effective mechanisms for influencing the tax authorities, which will allow you to return VAT in full and on time.
During a personal meeting, you have the opportunity to ask a question to our tax consultant. Counseling can be done online if needed. At the first consultation, the amount of assistance provided is determined and the contract is signed. Highly qualified specialists of "Key Solutions" acts exclusively within the framework of the current legislation, constantly improving knowledge and skills, studying newly issued by-laws.
Unreasonable refusals to refund VAT can and should be challenged, sometimes in court. For returns to occur as quickly as possible, documentation must be accurate and unambiguous. Only in this case, you can count on a successful solution of the issue.
Without the help of an auditor, the task of VAT refund by entrepreneurs becomes extremely difficult and lengthy. This is due to the fact that some businessmen do not understand the essence of VAT. But there is always a way out, and it is really possible to find it with the team of tax consultants of the audit company "Key Solutions", we guarantee a quick maximum result.
How can I get help from a tax consultant when recovering VAT from the budget?
Contact us in any convenient way way for you:
- leave a request on the site,
- send an email,
- call the given phone number
and our experts will help you in resolving the issue of VAT refunds from the budget
Offers
Full service to accounting services Kyiv. Calculation of taxes, salaries. Submission of financial statements.
Popular questions:
- What is a VAT refund?
The refund involves the refund to the taxpayer of VAT included in the cost of goods and services. Individual entrepreneurs and legal entities are entitled to compensation if the amount of the tax credit exceeded the amount of liabilities. The refund of overpaid funds is made by offsetting tax debts, taxes that are subject to deduction in the subsequent period, or in cash.
- How can I get a VAT refund?
To receive a VAT refund, the taxpayer must not have tax debts, pay VAT on the supplier tax credit. The refundable amount should not exceed the tax invoice registration limit, which is indicated in the electronic cabinet. To receive compensation, you need to fill out a declaration and relevant annexes, draw up an application, submit documents to the State Fiscal Service.
- How do I get a VAT refund?
In accordance with paragraph 200.7 of Article 200 of the Tax Code, a taxpayer who is entitled to VAT compensation submits to the fiscal service a declaration and completed annexes to it, as well as an application for reimbursement of the overpaid amount. The refund is made in cash or as a tax offset.
- Under what conditions can VAT be refunded?
VAT refunds are only available for sole proprietorships or companies. To do this, it is necessary: 1) to fully pay off the existing tax debts; 2) pay the amount of VAT to suppliers of goods or services in full or make an advance payment (payment only in cash); 3) make sure that the amount to be refunded does not exceed the limit for registering tax invoices (indicated in the electronic account).
- How to return VAT (VAT) in Ukraine?
If a taxpayer is entitled to a refund of overpaid VAT, he must fill out a tax return, appendices D3 (calculation of the amount) and D4 (application), submit them to the tax service. Reimbursement is possible in cash or in the form of offsetting debt or subsequent deductions.