- Taxpayers registered for VAT have a tax account opened automatically by the Treasury on a free basis
- VAT payers transfer funds from their current account to the tax account to register tax invoices and make payments to the budget
- Funds are transferred from the tax account to the budget according to the electronic VAT tax administration procedure
- Taxpayers transfer funds from their current account to a budget account controlled by the tax authority for payment of tax obligations and penalties
Source: kyiv.tax.gov.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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