The Verkhovna Rada of Ukraine adopted the Law “On amendments to the Tax Code of Ukraine” (re refinement of concerning finance bills procedure)

Information Department of the Verkhovna Rada of Ukraine Secretariat
04 July 2013, 17:07

The law “imposes time limits on the existing VAT budget reimbursement mechanism using treasury finance bills, as well as ban use of treasury finance bills during automatic budget reimbursement”.   

In view of this, it is stipulated exclude permanent provision regarding the abovementioned budget reimbursement (amendments to article 200 of the Tax Code) and introduce temporary (until January 1, 2014) analogous provision (supplements to subsection 10 “Other Transitional Provisions” of section XX of the Tax Code), under which VAT budget reimbursement shall be carried out by issuing finance treasury bills until January 1, 2014.

The respective bill was registered under No. 2847.