Judicial reimbursement of taxes, expenses

Judicial reimbursement of taxes and expenses is the service of the tax consultant of the law firm AGTL Kharkiv, Kyiv, Odessa.

There is a large layer of cases related to claims from the tax authority of funds paid earlier, in particular, this:

• Claim vat amounts to be reimbursed;
• Collection of tax that was overpaid earlier;
• reimbursement of interest on excessively taxed.

In many cases, litigation is the only way to get money owed to the taxpayer from the budget.

What is VAT refund, VAT refund

So, value-added tax, it’s just VAT (Section V of the Tax Code). Today it is 20%, although the Tax Code contained a rule on reducing the tax rate from January 1, 2018 to 17%, but the norm is stopped.

When calculating the amount of VAT to be paid to the budget, everything is trivial: VAT included in your tax invoices is liabilities, VAT in the tax invoices received is a loan, and the difference between the obligation and the loan is the income of the state budget.

How VAT is reimbursed in Ukraine

Is it possible to recover taxes? Considering the issue of VAT reimbursement from the budget, it is worth noting the unfortunate fact that to get this compensation will have to strain very much.

Let’s start with the fact that VAT is subject to reimbursement in Ukraine, and this is according to Article 200 of the Tax Code, the negative value of the difference in tax liabilities and credit.

But, having received the above mentioned “negative value”, do not rush to rejoice because at the first occurrence of “negative value” it will not be reimbursed, but will be included in the tax credit of the next period.

Speaking about VAT reimbursement in Ukraine, it is necessary to emphasize the attention of potential applicants to receive compensation for value-added tax on the fact that after the tax inspectorate receives an application for VAT reimbursement, a chamber check of the applicant is carried out, and if the tax is any suspicion – an unscheduled exit check of the applicant.

The best option for any business entity is to entrust accounting at the company to professionals and get full accounting support.

We will advise you, help you organize a business, choose a tax system, and if necessary – accompany the process of organizing your business on legal, accounting, tax, as well as financial issues. And believe me, your money will certainly come back to you.