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How to transfer agreed VAT amounts to the budget? Process and requirements explained.

  • VAT payers transfer funds from their current account to a budget account opened by the Treasury for the payment of agreed tax liabilities, fines, and penalties
  • The main tax office in Kyiv informs VAT payers that a tax account is automatically opened for them in the electronic tax administration system
  • VAT payers transfer funds from their current account to the tax account to register tax invoices and make payments to the budget for agreed tax liabilities
  • The Treasury transfers funds from the tax account to the State budget for the payment of VAT tax liabilities within the specified timeframe
  • VAT payers transfer funds from their current account to a budget account opened by the Treasury for control by the tax authority for the payment of tax liabilities, fines, and penalties according to the Tax Code.

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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