Regarding new forms of simplified tax reporting on value added tax
The order of the Ministry of Finance of Ukraine № 463 of December 28, 2022 "On Amendments to Certain Regulatory Acts of the Ministry of Finance of Ukraine", registered in the Ministry of Justice of Ukraine on January 11, 2023 № 60/39116 (as amended), which was published in the Official Bulletin of Ukraine dated 02.02.2023 № 11 (hereinafter referred to as the order of the Ministry of Finance № 463) will enter into force on 01.04.2023.
By the order of the Ministry of Finance № 463 the following amendments were introduced:
The procedure of filling in and submitting a simplified value added tax return;
simplified value added tax return forms;
forms for clarifying calculation of value added tax liabilities to the simplified tax return in connection with the correction of self-identified errors.
The specified amendments are related to the allocation of reporting on transactions exempted from value added tax.
Thus, in Section I "Calculation of tax liabilities for the reporting (tax) period" of the simplified value added tax return:
1) in column 3 line 1 "Contractual value of electronic services (excluding VAT)" the total amount (contractual value) of the supply of electronic services (excluding VAT) is indicated for transactions subject to value added tax and /or for tax-exempt transactions in foreign currency (EUR or US dollar);
2) in column 3 line 1.1 "for taxable transactions" the amount (contractual value) of the supply of electronic services (excluding VAT) subject to value added tax is indicated in foreign currency (EUR or US dollar);
3) in column 3 line 1.2 "for tax-exempted transactions " the amount (contractual value) of the supply of electronic services (excluding VAT) exempted from value added tax is indicated in foreign currency (EUR or US dollar);
4) in column 3 line 2 "Amount of VAT payable to the budget" the amount of value added tax (20 percent of the tax base) accrued on transactions on the supply of electronic services to be paid to the budget is indicated in foreign currency (EUR or US dollar).
The specified indicators are set in that foreign currency (EUR or US dollar), which was specified by a non-resident in the Application for registration as a taxpayer, submitted in accordance with the sub-clause 2081.2 of Article 2081 Section V of the Tax Code of Ukraine, as well as in column 4 (lines 051, 052) of the line 5 of the return.
The new form of the simplified value added tax return is to be submitted starting from July 1, 2023. That is, the new form of the simplified tax return for the first time is to be submitted for the reporting (tax) period - the II quarter of 2023.
Also, the new form for clarifying calculation of value added tax liabilities to the simplified tax return in connection with the correction of self-identified errors is to be submitted from July 1, 2023.