In the first quarter of 2016, the farmers paid to the budget of Ukraine more than 1.7 billion USD. VAT

revenues in the state budget during January – March this year after the introduction of the new system of administration of VAT for agricultural producers amounted to 1 billion hryvnia. This information is made public, the head of the Department of State fiscal service of taxes for legal entities Alexey Lishenko.

According to him, during the first quarter of the year domestic farmers have declared tax liabilities totaling 1.7 billion. Of the amount in the amount of UAH 1 billion was transferred to the state budget and the balance of 700 million UAH was transferred to the special savings account.

reducing the amount of funds that farmers are remitted to the budget, in DFS is explained by the reduction in the supply of agricultural products. Now the companies it is impractical to use to minimize the tax obligations of the company under the special regime of taxation, as 85 % of the amount of VAT remitted to the budget.

the State fiscal service said that in the 1st quarter of 2016, the amount of VAT refunds amounted to 22.5 billion hryvnia, which is almost twice more than in the 1st quarter of 2015. The Chairman of the SFS noted that VAT is refunded to companies in a timely manner and late payment of dues does not arise.

Final analysis of the effectiveness of DFS innovations together with experts planning to hold at the end of 2016.