- When transferring funds from a current account to the VAT Electronic Administration System (SEA VAT), the “Payment Purpose” field should contain explanatory information in free form.
- The recipient’s name, taxpayer code, “Treasury of Ukraine (el. tax admin.)” as the recipient’s bank, and the electronic account number (IBAN standard) must be specified in the payment instruction.
- The payment instruction must provide full information about the payment and the documents on which the payment is based, as required by Ukrainian law.
- The payer determines the completeness of the information in the “Payment Purpose” field, considering legal requirements.
- Example for “Payment Purpose”: “transferred from a bank or non-bank payment service provider account to the 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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