08/25/2016

08/25/2016

For a large foreign holding, the right to a budgetary refund of VAT has been renewed, accrued obligations on value-added tax and penalties in the total amount of 62 million UAH have been canceled.

As a result of the audit within an international company, tax inspectors made a decision, which accrued an additional liability on profits tax, reduced an amount of budgetary refund of VAT, and additionally accrued liability on VAT in the amount of over 62 million UAH.

A strongly formed concept of the client’s rights protection in the instant dispute, a justified analysis of the documentation on commercial transactions, interaction with client’s counterparties, allowed achieving a positive result in the first-instance court.

As a result of our work, the international company has not only renewed its right to a budgetary refund of value-added tax and has reduced its tax liabilities in the total amount of over 62 million UAH, but has also received an actual pecuniary indemnity of VAT to the account.