VAT Payment Instructions for Property Management Electronic Accounts

• When transferring funds from a current account to a VAT electronic administration system account under a property management agreement, the payment order must identify the manager (VAT payer) as recipient, use the manager’s tax number, show the VAT e-account IBAN, and name the recipient PSP as “Treasury of Ukraine (elec. tax admin.).”
• The “payment purpose” field must include explanatory information about the payment’s purpose in any form, sufficient to identify the transaction and supporting documents; example: “transferred from an account with a bank or non-bank payment service provider to an electronic account.”
• VAT administration system accounts are opened automatically based on the State Tax Service register sent to the Treasury no earlier than one business day before VAT registration; the register includes the taxpayer’s individual tax number and VAT registration date.
• A taxpayer’s individual tax number is assigned upon registration, used for tax payments, and remains with the VAT payer until VAT registration is cancelled.

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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