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Ukraine passes law to offer bonds in lieu of VAT refunds

  • VAT
  • 03 April 2014 | Richard Asquith

Ukraine passes law to offer bonds in lieu of VAT refunds

As reported last year, Ukraine is advancing with an initiative to issue government bonds to taxable persons owed VAT refunds.

The bonds will have a five year maturity, and pay an interest coupon. They will be issued to companies or taxable individuals due repayments prior to January 2014. The will also be dependent on a full tax office audit.


VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.