30.03.2016. Bureaucracy and non-transparent mechanism for VAT refund are the main challenges for Ukrainian exporters, Institute for Economic Research and Policy Consulting

According to the Ukrainian exporters, interviewed in the framework of the IER “Dialogue on Trade Facilitation” project, the inefficient and non-transparent mechanism for the refund of value added tax (VAT) and high levels of bureaucracy are the biggest obstacles for exports. The survey also revealed that the smaller the company is, the more likely they are to face such challenges as the complexity of customs procedures and non-transparency in the activities of tax authorities. In addition, the unpredictability of the trade policy of Ukraine is a considerable challenge rather for small and medium-sized companies than large ones.

Read more