Enterprises of mining-metallurgical complex (MMC), providing 12% of Ukraine's GDP, 30% of foreign exchange earnings and about 700 thousand jobs taking into account related industries in December, "held" more than 80% of the declared VAT refund, which is more than two billion hryvnia. This is stated in the published today a statement the Association "Ukrmetallurgprom" concerning nonpayment of VAT to a number of large industrial enterprises.
According to the Association, it is connected primarily with the lack of funds in the budget and this problem is solved once again through a large transparent business, not by effectively combating the shadow economy.
the "Ukrmetallurgprom" called the situation, which turned out to Metallurgichesky industry is critical, noting that in a significant decline in prices in the global steel market and a significant increase in cost of steel production, Ukrainian mining and metallurgical enterprises since the beginning of the year work with a significant lack of financial resources.
Mining and metallurgical industry of Ukraine since 2019 is in deep crisis, as evidenced by a significant drop in steel production and a record loss at the end of 3 quarters 2019, recalled in "Ukrmetallurgprom".
"the Delay from the state more than two billion UAH of VAT refunds, to which metallurgists have full legal right, is, to put it mildly. After all, the new Head of STS Sergey Varlamov repeatedly stressed that they are actively working on the administration of VAT with the purpose of prevention of repetition of a typical situation of the end of the year and delay compensation. In reality it turned out that the amount "held" VAT refund Dec are record for the last few years," said the Association.
the "Ukrmetallurgprom" reported that the supply of money in the accounts of Ukrainian metallurgical enterprises and there is no possibility within a few days these funds to mobilize.
"Late payment of VAT will result in delayed payments to thousands of suppliers and contractors that have because of this difficulties may arise with the payment of salaries before the Christmas holidays. Administrative leaching of working capital of the industry in the form of delayed VAT refunds with the high probability will lead to a further decrease in the output of separate mining companies, resulting in the Budget of Ukraine will lose tax revenues, and the country – of foreign exchange earnings," warned the Association.
