Analysts of the Territorial Department of the ESBU in Kyiv identified 30 companies with a potential risk of distributing about UAH 100 million of VAT tax credit.

These companies are registered with the Main Department of the State Tax Service in Kyiv and are registered as VAT payers.

Officials of these companies did not file tax returns or submitted tax returns indicating the absence of supply and purchase of goods or services their real origin, etc. which could have been the basis for,among other things illegal VAT refunds.

To prevent further use of the fraudulent tax credit, analysts of the ESBU sent a letter of recommendation to the Main Department of the State Tax Service in Kyiv. In it the experts described possible risks, recommended conducting documentary unscheduled inspections of business activities, checking submitted declarations and revoking taxpayer certificates of 30 companies.

As a result of the measures taken, the refund of UAH 100 million of fraudulent VAT was prevented.

In mid-November, the ESBU in Kyiv prevented the embezzlement of almost UAH 2 million of public funds by one of the Naftogaz companies.