27
Apr
01:00
Non-repayment of VAT seen threatening Ukrainian steel investment
The failure by the government to refund value-added tax to steel companies could hamper investment and reduce competitiveness in Ukraine’s steel industry, according to Ilyich Steel Plant chief executive Yuriy Zinchenko.
VAT refunds were cut by almost one-third in March. The government budget has earmarked the return to companies of about UAH 58 billion ($2.5bn), of which only UAH 12 billion is for the first quarter, according to reports.
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Anonymous
Very good overview of the weekly steel market.
Anonymous