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Payment of VAT fines: from VAT account or bank account? Clarification on penalties for late tax filing and payment in Ukraine

  • Payment of fines with VAT: from the VAT account or from the bank account
  • Payment of agreed VAT liabilities is made from the VAT account of the taxpayer, while payment of fines is made from the bank account or non-bank payment service provider to the relevant budget
  • Taxpayers are reminded of the application of penalties for late submission of tax reports and payment of taxes and fees
  • Penalties are imposed for late submission of tax reports according to the Tax Code of Ukraine
  • Tax payments during the period of martial law in Ukraine are subject to specific regulations
  • Taxpayers who timely fulfill their tax obligations are exempt from penalties for late submission of reports for certain periods
  • Exemption from penalties does not apply to certain types of tax declarations
  • Deadlines for submission of tax reports for specific years do not fall within the exemption period mentioned in the Tax Code of Ukraine

Source: news.dtkt.ua

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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