Following recent update of the VAT reporting templates and procedure, on 3 February 2016 the State Fiscal Service of Ukraine published the clarification letter* in which they stated that the first period to be reported under the new templates is January 2016. Such demand is not in line with the Tax Code** and previous practice of the Ministry of Finance.

As we earlier mentioned in our Flash Report #2 dated 1 February 2016, in our view, the first period to be reported under the new templates should be February 2016.

We will continue to monitor the situation and keep you updated on the issue.

*Letter №3240/7/99-99-19-03-00-17 dated 2 February 2016 6 “On the value added tax return from 1 January 2016"
**Paragraph 46.6 of Article 46 of the Tax Code

 
Contacts:

Camiel van der Meij, Partner & TLS Leader, camiel.van.der.meij@ua.pwc.com
Slava Vlasov, Partner, Tax and Legal Services, slava.vlasov@ua.pwc.com
Yaroslav Guseynov, Director, Tax and Legal Services, yaroslav.guseynov@ua.pwc.com
Viktoria Tymoshenko, Senior Manager, Tax and Legal Services, viktoria.tymoshenko@ua.pwc.com

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