The government registered two related draft laws, aimed at enabling the taxpayers to open the single account, if requested. The first draft law – On Introduction of Amendments to the Tax Code of Ukraine on Introduction of the Single Account for Payment of Taxes and Dues, the Unified Social Tax (№ 7035 dd. 21.08.2017), Yurliga reports.

It is expected that it will be not possible to pay only VAT and excise tax from the sale of fuel, because there are certain electronic systems for these taxes. However, the funds from such account may be transferred to the accounts, opened in the system of electronic administration of the VAT and in the system of electronic administration of the sale of fuel.

It is not the taxpayer himself, but SFS, which applies to the State Treasury for opening and closing the single account. The funds are paid to the single account through the Electronic Cabinet of the Taxpayer.

After approval of the draft law, it is necessary to introduce amendments to the Regulation on State Treasury Service, approved by the CMU’s resolution dd. 15.05.2015 №215.

It is planned that the Law will come into force since January 1, 2018, and the single accounts will start functioning from the first day of the month, following the month of the start of operation of software, designed for interaction of information systems of SFS and State Treasury, but not later than July 1, 2018.

The second draft law – “On Introduction of Amendments to Certain Laws of Ukraine on Introduction of Single Account for Payment of Taxes and Duties, Unified Social Tax” (№ 7034 dd. 21.08.2017). It is aimed at ensuring the effective functioning of the single account and prohibiting attachment and arrest of funds on the single taxpayers’ account. For it, we need to introduce amendments to the Tax Code, the Law On Collection and Accounting of the Unified Social Tax and the Law On Enforcement Proceeding.