Practical aspects of application of norms and provisions of the Law of Ukraine № 3219 - joint webinar of the State Tax Service and the European Business Association

State Tax Service continues series of meetings with representatives of business associations regarding clarification of basic norms and provisions of the Law of Ukraine № 3219, which introduced a number of changes to the Tax Code and partially returned tax system to the pre-war period.

During joint webinar of the State Tax Service and the European Business Association, speakers explained practical aspects of application of the law and answered questions that payers often have.

Representatives of the State Tax Service explained procedure for re-transition of legal entities, which until August 1, 2023, were the single tax payers of Group III with application of 2% rate to the simplified taxation system by the end of 2023, correctness of determining income of the single tax payers of Group III.

Attention is focused on peculiarities of the corporate income tax taxation related to the transition from the simplified 2% system to the general one, in particular, taxation of "transitional" operations on the shipment (provision) of products (works, services) that were started during a period of the single tax payment and completed during the period of the corporate income tax payment, in order to eliminate double taxation.

Amendments to provisions of the Tax Code, which renewed rights and obligations of the value added tax payers who switch from the simplified system to the general taxation system, peculiarities of repayment of tax bills from the excise tax, taking into account restoration from August 1, 2023 of the time limits specified by the Tax Code, were also explained, cancellation of the temporary order of shipment of ethyl alcohol for production of disinfectants, etc.

It was also noted about changes in trade, public catering and services related to adoption of the Law № 3219, usage of the RRO and PRRO, and lifting of restrictions on audits.

Participants of the event, in particular, noted effectiveness of conducted webinars, which contribute to taxpayers' awareness of tax legislation issues and practice of its implementation. State Tax Service will continue to participate in activities that will help taxpayers navigate tax changes and avoid mistakes when fulfilling tax obligations.