Ukraine VAT Registration Update: New Rules & Forms

The Ukrainian government and tax offices have been very active recently, updating several rules and regulations and providing guidelines and explanations on specific matters, such as taxpayers' responsibility for submitting incorrect VAT returns and what documents must be submitted with VAT registration applications.

As part of these changes and updates, the Ministry of Finance approved amendments to the Regulation on Registration of VAT Taxpayers.

Changed VAT Registration Rules

Under new rules that took effect on October 31, taxable persons may voluntarily register for VAT when applying for registration of changes in the Businesses Register, in addition to voluntarily registering for VAT while establishing and registering a company.

These updates were made due to inconsistencies between several laws, including the law on the taxation of goods moved in international postal and express shipments, the taxation of banks and other taxpayers, and the improvement of online communications with taxpayers.

Furthermore, the list of taxpayers subject to calculating and paying VAT was broadened to include postal operators and express carriers when the goods are imported into Ukraine as part of international postal and express shipments.

Implemented amendments also changed several procedures, including a procedure for defining VAT taxpayers' tax numbers, a procedure for canceling VAT registration decisions, and a procedure for forming and providing extracts from the register of VAT taxpayers in electronic form.

Several forms were also updated in this process, namely the registration application of a VAT taxpayer, the application for cancellation of registration, the decision on canceling the registration, the request to obtain an extract from the register of VAT taxpayers, and the certificate from the register of VAT taxpayers forms.

Conclusion

Postal operators and express carriers engaged in international and express shipments of imported goods should familiarize themselves with new rules and regulations as they are now subject to VAT on those imports. Besides postal operators and express carriers, other taxable persons should know the new forms are used for VAT registration and deregistration.

Finally, these amendments will make obtaining the extracts from the VAT taxpayers' register much easier, as they can be obtained electronically.

Source: Debit-Credit - What documents are submitted together with the registration application, Debit-Credit - Liability for violation of the procedure for filing a VAT tax return, Debit-Credit - From October 30, the updated Regulation on the registration of VAT payers is in effect