Ukraine’s State Fiscal Service (SFS) reimbursed UAH 45.4 billion worth of value added tax (VAT) in January-March, the SFS press service reported. “Compared to the relevant period of last year, the amount of compensation grew by 34.8%, or by UAH 11.7 billion. UAH 38 billion worth of VAT was returned to taxpayers in January-March 2018,”…
Ukraine-Turkey trade turnover increased by 28% YoY in January-February. Last year, Turkey was 6th largest importer of Ukrainian agri-food products. “In 2018, the trade turnover between the countries decreased by 3.9% YoY. However, in the first two months of this year, it totaled $356.6 million and grew by 28% due to an increase in exports…
Ukraine successfully tested the Neptun anti-ship missile defense system on April 5. President of Ukraine, Supreme Commander-in-Chief of the Armed Forces of Ukraine Petro Poroshenko took part in the tests of the latest Ukrainian cruise missile complex to defeat the marine and coastal targets. All components of the complex were produced at Ukrainian defense enterprises,…
Deputy Chairman of the State Fiscal Service (SFS) of Ukraine Yevhen Bambizov says the agency, due to the lack of effective mechanisms to influence debtors to recover tax debt that exceeds UAH 107 billion ($4 billion), insists on expanding its powers. “Tax debt accounts for 10% of the state budget revenue for the current year.…
In January-March, UAH 59.9 billion were transferred to local budgets, up by 17.6% YoY, according to the State Fiscal Service. The State Fiscal Service also noted that UAH 19.5 billion were transferred to local budgets in March, up by 8% or by UAH 1.5 billion YoY. Also, in January-March, tax and personal income tax contributions…
Ukraine has increased the export of berries almost 5-fold over the past four years: from 4.5 thousand tons to 23.5 thousand tons, the Agrarian Policy and Food Ministry’s press service reported. “Ukrainian fresh berries are exported to Belarus, Poland, Moldova, the UK and the Netherlands. The EU countries have become the largest consumers of frozen…
Ukrainians more actively used smartphones to pay bills and handle other financial transactions in the past year: the number of payments with mobile apps grew by 50%. PrivatBank’s press service reported that the number of transactions via the Privat24 mobile app increased from 8.9 million in March 2018 and to more than 15.8 million in…