The Ukrainian Ministry of Finance has adopted an on-demand Standard Audit File for Tax (SAF-T) regime from 27 August 2021 for large taxpayers. However, this was delayed until 1 January 2023 due to COVID-19 disruptions.
Known as SAF-T UA, the OECD-format transactional level submission will be requested in advance of a regular tax audit. The taxpayer will have two days’ notice to produce the report This will follow the schema below:
- General ledger accounting entries
- Sales ledger
- Cash receipts
- Fixed asset register
- Intangible asset movements
- Tax reconciliation
- Phased introduction 2023 to 2027
The timetable for the SAF-T UA introduction will be as follows:
- On-demand for large taxpayers – 1 January 2023
- Periodic mandatory submissions for large taxpayers – 1 January 2025
- Periodic submissions for all taxpayers – 1 January 2027
Source vatcalc
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