Analysts of the Economic Security Bureau of Ukraine identified and anticipated the risk of illegal VAT reimbursement in the amount of almost UAH 54 million to a private enterprise in the Kharkiv region.

The aforementioned company was engaged in the export of agricultural products. During the analysis of the company's economic activity, employees of the ESBU established the presence of agricultural products of unknown origin. Cereal crops were bought for cash from farmers and their purchase from transit companies was documented.

According to the results of export operations in order to receive a budget VAT refund, the officials of these companies submitted false information about the specified goods. In this way they artificially created grounds and submitted relevant applications for the total amount of UAH 53.9 million.

In order to prevent the potential risk of illegal reimbursement of value added tax, analysts of the ESBU sent a letter of recommendation to the State Tax Service (STS).

Employees of the STS conducted an unscheduled documentary inspection and refused the company budget compensation, on which a corresponding act was drawn up.

Analysts of the Economic Security Bureau of Ukraine constantly monitor the financial and economic operations of business entities the volumes of imported and exported goods, and take measures to establish the legality of the declaration by business entities of the budgetary reimbursement of VAT amounts.

Since the beginning of the year, analysts of the ESBU have already anticipated the illegal reimbursement of more than UAH 460 million of VAT.