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Ukraine passes law to offer bonds in lieu of VAT refunds

  • Apr 3, 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 the former VP Global Indirect Tax at Avalara