The Cabinet of Ministers of Ukraine has approved the step-by-step procedure for electronic VAT administration, Forbes reports.
The relevant resolution was passed on March 4, registration number No82.
The CMU resolved that the system of e-administration will be embedded gradually: in test mode – during the transition period (up to July 1, 2015, or till another date that can be set by passing a particular decision on shortening the term by the Verkhovna Rada of Ukraine).
Since this date the system of VAT electronic administration has been functioning on a continuous basis.
As it has been reported, the VAT e-administration (VAT accounts) was introduced at the end of December 2014 as one of the elements of the tax reform. The VAT e-pilot project was introduced on February 1 to July 1, 2015.
