05/20/2014

 

A foreign investor has received the right to a budgetary refund of VAT, and a value-added tax liability has been reduced in the amount of nearly 3.5 million UAH.

 

Our team successfully protected the interests of the client in the tax dispute in the Court of Appeal on cancellation of the decision in the amount of 3.5 million of UAH, which added liability on profits tax, reduced the amount of budgetary refund, and applied penalties.

Due to the correct protection concept of the client’s rights in the dispute and analysis of commercial documentation carried out by our team, we achieved a positive result in the first-instance court.

As a result of our work, the foreign investor has not only renewed the right on a budgetary refund of value-added tax and has reduced the tax liability in the total amount of 3.5 million UAH, but has also received an actual pecuniary indemnity of VAT to the account.

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