VAT E-Account Top-Up for Property Management Agreements: Tax Service Clarification

• The tax authority explains how a VAT-paying asset manager should transfer money to the VAT electronic account under a property management agreement.
• Property management agreements without a legal entity must be registered with tax authorities, and the manager must keep separate records for management-related operations.
• When filling out the payment order, the recipient should be the VAT payer-manager, the tax ID must match the agreement’s VAT payer, the account must be the VAT e-account IBAN, and the service provider should be listed as the State Treasury.
• The “payment purpose” field must follow banking rules and include full payment details and supporting documents.
• If funds are transferred from the payer’s own current account to their VAT e-account, the purpose can be written in free form, e.g. “transferred from bank account to electronic account.”

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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