Parliament Approves First Reading of VAT Administration Simplification Bill No. 16037-d

Ukraine’s parliament approved in first reading draft law No. 16037-d to simplify VAT administration for all VAT payers, including sole proprietors and legal entities.
The threshold for an out-of-schedule tax audit related to VAT refund claims and/or negative VAT balance would rise from UAH 100,000 to UAH 1 million.
VAT-registered sole proprietors would be allowed to choose either monthly or quarterly reporting periods.
VAT taxpayers would be allowed to issue consolidated tax invoices by the last day of the month for supplies to non-VAT payers, and the e-cabinet would get automatic pre-filling of tax returns and invoices.
The bill also softens certain rules on carrying forward negative VAT balances during company reorganizations, adjusts voluntary payment incentives after tax audits during martial law, and temporarily eases excise stamp purchase limits.

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.