- An alternative draft law No. 16037-1 has been registered in Ukraine to simplify VAT administration, alongside the government’s original bill No. 16037.
- It would raise the threshold for unscheduled documentary audits of VAT refund and/or negative VAT amounts from UAH 100,000 to UAH 1 million.
- VAT-registered sole proprietors (FOPs) would be allowed to choose either a monthly or quarterly VAT reporting period.
- The bill would expand e-cabinet functionality to pre-fill tax returns and tax invoices using data already held by the tax authorities’ systems.
- It would also allow consolidated tax invoices by the end of the month for supplies to non-VAT payers and advance payments, and refine the temporary incentive for voluntary payment of tax liabilities assessed during wartime audits.
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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