Paying taxes will be easier
Single account for payment of taxes, fees and single social contribution will be introduced on the 1st of January, 2021 in Ukraine. This will create the most comfortable and clear rules for payments to the budget and trust funds, reduce their financial costs and time for the formation of transaction documents.
All current payments, tax debt on such payments and arrears of single social contribution will be possible to pay through a single account. Cash liabilities that were determined on the basis of the tax notifications will also be possible to pay, except for the cash liabilities and / or value added tax, excise duty on the sale of fuel and ethyl alcohol, as well as a part of the net income (revenue) which are paid by the state and municipal unitary enterprises and their associations.
For the budget and trust funds payments, the taxpayer will need to file only one transaction document for bank’s processing where the taxpayer is serviced in order to transfer the total amount proper for payment to a single account or a separate transaction documents for the payment of relevant taxes and fees.
In daily regime the STS (except for weekends, holidays and non-working days) will form the necessary registers with relevant information in the context of taxpayers and will send them to the Treasury.
Register of payments will be formed according to the taxpayers within the limits of the funds that were paid to a single account by them. Notification on the use or refusal to use a single account must be submitted in electronic form by the taxpayer through an Electronic cabinet.
If the taxpayer refuses to use a single account, such use will be terminated from the first day of the month of the following calendar year.
Reference:
Verkhovna Rada of Ukraine approved Bills of laws №. 1051 “On amendments to the Tax Code of Ukraine on the introduction of a single account for payment of taxes and fees, single social contribution for the compulsory state social insurance” and №. 1049 “On amendments to some Laws of Ukraine on the introduction of a single account for payment of taxes and fees, single social contribution for the compulsory state social insurance”.
