The National Bank of Ukraine has published Resolution No.257 that specifies the procedure for usage of the remittance letter (direction). The resolution that describes specifics of remittance letter is available on the central regulator’s website, RBK-Ukraine (РБК-Україна) reports.
As stated in the Resolution, the objective of the document is to define the procedure for withdrawing money from the accounts of bank customers. Among other things, the document necessitates that banks are obliged to admit and fulfil the requirements set out in paragraph 10 of Chapter XX, «Transitional Provisions», of the Tax Code of Ukraine, including the provision on the collection letter for tax debt repayment to be issued by a national fiscal body of Ukraine, upon the decision of the chief of the controlling authority.
The Resolution comes into force on April 18, 2015.
