Registration of tax invoices / adjustment calculations compiled in a period from 1 – 31 of May 2022 and penalties

Ministry of Finance of Ukraine has published an explanation on the application of penalties for late registration of tax invoices / adjustment calculations compiled in a period from 1 – 31 of May 2022.

(https://www.mof.gov.ua/uk/news/roziasnennia_shchodo_zastosuvannia_shtrafnikh_sanktsii_za
_nesvoiechasnu_reiestratsiiu_pnrk_skladenikh_za_period_01-31_travnia_2022_roku-3476).

Law of Ukraine № 2260-IX as of 12.05.2022 "On amendments to the Tax Code of Ukraine and other laws of Ukraine on the tax administration peculiarities of taxes, levies and single contribution during the martial law, state of emergency" (hereinafter – Law № 2260), which entered into force on 27.05.2022 (from a day following the day of its publication), particularly amended Sub-paragraph 69.1 of Paragraph 69 Sub-section 10 Section XX of the Tax Code of Ukraine (hereinafter – Code) and added Sub-paragraph 69.11.

Specified changes set new deadlines for the value added tax payers who have opportunity to perform their tax obligations, which, according to the general rules, were to be performed during February – May 2022, in particular, to register tax invoices / adjustment calculations in the Unified Register of Tax Invoices, submit tax reporting, pay of taxes and levies.

The VAT payers are obliged to register tax invoices / adjustment calculations in the Unified Register of Tax Invoices that were compiled for the supply of goods / services carried out during February – May 2022 by July 15, 2022.

Financial liability will be applied to taxpayers who had the opportunity, but did not perform their tax obligations, term of which according to the general rules fell on the tax periods of February – May 2022 within deadlines set the by Law № 2260, namely for the failure to register tax invoices and adjustment calculations in the Unified Register of Tax Invoices by July 15, 2022 and / or for the failure to submit tax reporting by July 20, 2022 and / or for the failure to pay taxes and levies not later than July 31, 2022.

That is, the Law № 2260 exempted from liability taxpayers who have the opportunity to perform tax obligations, if they register specified tax invoices and adjustment calculations in the Unified Register of Tax Invoices by July 15, 2022, submit relevant tax reporting by July 20, 2022 and pay relevant taxes and levies not later than July 31, 2022.