- The Ministry of Finance is developing an automated VAT registration system for sole proprietors (FOPs) who meet the required transaction volume.
- Automatic pre-filling of VAT declarations in the taxpayer’s electronic cabinet and extension of the reporting period from monthly to quarterly are planned.
- The state aims to automate processes to reduce risks and administrative burden for businesses, including eliminating paper applications.
- A transition period in 2027 will allow time for adaptation, with a moratorium on penalties for VAT administration errors during this time.
- The goal is to protect honest entrepreneurs and ensure tax credit confirmation without undue pressure.
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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