The State Fiscal Service of Ukraine will not rule out the further possible use of government bonds as a means of VAT refunds, service head Ihor Bilous said at a press conference in Kyiv.
“VAT bonds are in any case better than nothing. In 2014 we issued bonds worth almost Hr 7 billion and thus launched the stock market… Now we use what we have. Of course, we want to reimburse and return everything in money. However, VAT bonds can be further used. In addition, we are discussing such a mechanism in respect of income tax overpayments,” he said.
As reported, the Ministry of Finance on July 8 carried out the first issue of VAT bonds worth Hr 3.577 billion, maturing on July 2, 2019. The second tranche was issued on July 29 for Hr 2.17 billion, maturing on July 22, 2019, the third one – on August 20 for Hr 950 million, maturing on August 14, 2019, the fourth one – on October 6 for Hr 125 million, maturing on September 30, 2019.
The Ukrainian government set the maximum amount of VAT bonds issue in the amount of Hr 7 billion.
