The Ukraine State Tax Service has published Order No. 555 of 21 October 2021 on the approval of the forms and procedures for simplified VAT reporting. The simplified VAT reporting is provided in relation to the new VAT requirements on electronic services supplied by non-residents. The VAT requirements apply from 1 January 2022 for non-resident suppliers where revenue from B2C electronic services provided in Ukraine exceeds the equivalent of UAH 1 million in the previous calendar year. Non-resident suppliers subject to the VAT requirements are required to submit returns electronically within 40 days after the end of each quarterly tax period. Order No. 555 contains dual-language forms for the simplified VAT return and the calculation of the VAT liability (English and Ukrainian), as well as the procedures/instructions (only in Ukrainian).
Source Orbitax
Latest Posts in "Ukraine"
- Adjustment of VAT Liabilities When Deregistering: Calculating the Proportion of Goods Used
- General VAT Tax Consultation on Computer Software and Digital Content Operations Approved in Ukraine
- Finance Ministry Unveils Major Tax Bill Introducing New VAT Rules and Revenue Measures
- Tax Invoice and Shipment Date: DPS Clarifies VAT Liability and Tax Credit Determination
- Proportion of Goods Use for VAT Adjustment When Deregistering a Taxpayer in Ukraine
