Ukraine's agribusiness VAT refund in 2020 made 4.2 bln UAH
The agricultural sector ("agriculture, forestry and fisheries") ranked 6th in the list of recipients of value-added tax (VAT) refunds in 2020 with UAH 4.2 bln, the Center for Public Finance and Public Policy Analysis of KSE informs.
The top 6 industries by VAT refund in Ukraine are:
- processing industry
- wholesale and retail trade; repair of motor vehicles and motorbikes
- mining and quarrying
- transport, warehousing, postal and courier services
- supply of electricity, gas and air conditioning
- agricultural sector
In February 2021, the largest amount of VAT was refunded to ADM Ukraine, a subsidiary of Archer Daniels Midland Company (ADM), UAH 1,072.1 mln.