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Filling VAT account: instructions for payment purpose and payment instruction completion

  • When replenishing a VAT account, the payment purpose should include specific information
  • Payment instructions for transferring funds from the payer’s current account to an electronic VAT administration account
  • Reminder from the Main Department of the State Tax Service in Ivano-Frankivsk region regarding electronic VAT administration
  • Instructions for transferring necessary funds to the electronic VAT administration account if there are insufficient funds
  • Payment instructions must contain information to identify the payer and recipient, account numbers, payment amount, and other necessary details
  • Fields to fill in the payment instructions when transferring funds to the electronic VAT administration account
  • The “Payment purpose” field in the payment instructions should provide full information about the payment and related documents
  • In the “Payment purpose” field, explanatory information about the payment purpose should be printed in a free form, such as “transferred from a bank account to an 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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