Ukraine passes law to offer bonds in lieu of VAT refunds

Fri 4th Apr 2014

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.