Business welcomes simplification of the procedure for registration of tax invoices

16/ 01/ 2023

During January 11-12, changes were made to the procedure for registration of tax invoices, which should reduce the number of cases of blocking invoices and classifying companies as risky, in general, reducing administrative pressure on the business. Thus, on January 11, CMU Resolution No. 1428, which introduces such changes, came into force: unblocking of tax invoices the registration of which was suspended in the period from October 14 prior to the registration of the companys data table (according to the relevant UKTZED in the current tables); new signs of unconditional registration were added, particularly, tax invoices/calculations of adjustments for the volume of transactions up to UAH 5 thousand (up to UAH 500 thousand per month); amendments were made to the criteria of taxpayer riskiness in terms of the possibility/impossibility of submitting tax and financial statements; in case of withdrawal of a taxpayer from the risky category, it automatically entails the withdrawal of its counterparties from the risky category, provided that this was the main reason for their inclusion in this category; certain indicators, by which the positive tax history of a taxpayer is determined, have been changed from UAH 500 thousand to UAH 1 million and per recipient from UAH 50 thousand to UAH 100 thousand); certain criteria of the riskiness of transactions have been changed, etc. Besides, some rules on the registration of tax invoices are laid down in draft law No. 8079, which was adopted by the Verkhovna Rada on January 12. This draft law, particularly, for the period of martial law and for six months after its termination, provides for the extension of the deadlines for the registration of tax invoices, the reduction of penalties for late registration of tax invoices from 10-20-30-40-50% to 2-5-10-15-25% of the VAT amount, as well as the extension of the working hours of electronic services of tax authorities – from 8 to 20 hours. The deadlines for the registration of tax invoices have been extended – for tax invoices drawn up from the 1st to the 15th of the month – by 5 calendar days, and for tax invoices drawn up from the 16th to the last day of the month – by 3 calendar days. Business positively evaluates such steps and hopes for the promptest signing of the draft law by the President and the entry into force of these important tax changes for the business community.

Thus, on January 11, CMU Resolution No. 1428, which introduces such changes, came into force:

unblocking of tax invoices the registration of which was suspended in the period from October 14 prior to the registration of the company’s data table (according to the relevant UKTZED in the current tables);
new signs of unconditional registration were added, particularly, tax invoices/calculations of adjustments for the volume of transactions up to UAH 5 thousand (up to UAH 500 thousand per month);
amendments were made to the criteria of taxpayer riskiness in terms of the possibility/impossibility of submitting tax and financial statements;
in case of withdrawal of a taxpayer from the risky category, it automatically entails the withdrawal of its counterparties from the risky category, provided that this was the main reason for their inclusion in this category;
certain indicators, by which the positive tax history of a taxpayer is determined, have been changed from UAH 500 thousand to UAH 1 million and per recipient from UAH 50 thousand to UAH 100 thousand);
certain criteria of the riskiness of transactions have been changed, etc.

Besides, some rules on the registration of tax invoices are laid down in draft law No. 8079, which was adopted by the Verkhovna Rada on January 12. This draft law, particularly, for the period of martial law and for six months after its termination, provides for the extension of the deadlines for the registration of tax invoices, the reduction of penalties for late registration of tax invoices from 10-20-30-40-50% to 2-5-10-15-25% of the VAT amount, as well as the extension of the working hours of electronic services of tax authorities – from 8 to 20 hours. The deadlines for the registration of tax invoices have been extended – for tax invoices drawn up from the 1st to the 15th of the month – by 5 calendar days, and for tax invoices drawn up from the 16th to the last day of the month – by 3 calendar days.

Business positively evaluates such steps and hopes for the promptest signing of the draft law by the President and the entry into force of these important tax changes for the business community.