The State Treasury Service finally has made the first VAT refunds under the new mechanism. On April, 26 by means of an automatic register of VAT refund there was reimbursed 9946,4 million USD to 2 704 taxpayers. However, because of misinformation, 13 people could not receive the money.
On April, 27 the Treasury Service refunded another 111 applications. Next thing on the agenda is a tranche of 70 applications, which is scheduled to be reimbursed to the taxpayers’ on April, 28.
The Ministry of Finance reports that all transactions on VAT refund are on time and full-sized, without failures and problems. It’s worth adding that all taxpayers can monitor the status of their applications online.
It should be reminded that the startup of automatic VAT refund was announced on April,1, however, the State Treasury Service could not conduct refund transactions because of the information gap.
Source: The Ministry of Finance