Ukraine and the World

Ukraine said to have the worst track record in the world regarding vat tax refund payments

The government of Ukraine is once again holding back the payment of huge sums of value-added tax refunds, for long periods of time, owed to grain exporters and other private companies. Ukraine is reported by many private companies to have the worst track record of any country in the world regarding vat tax refund payments, according to the U.S.-Ukraine Business Council (USUBC).