Rada Passes in First Reading Government Bill to Simplify VAT Administration
4 Articles
4 Articles
Quarterly reporting for individual entrepreneurs and new rules of inspections - what the draft law on VAT provides
<p>Simplification of VAT administration - The Council adopted the draft law on the basis of which the Council supported the bill on the simplification of VAT administration. They want to raise the threshold of inspections to UAH 1 million, and entrepreneurs to allow choose the reporting period.</p>
Today, October 13, the Verkhovna Rada of Ukraine supported the draft law No. 16037-d on simplifying the administration of VAT for business. This was reported in the Telegram channel VR. 264 MPs voted for it. The document provides for the development of electronic interaction between taxpayers and regulatory authorities, as well as improvement of tax reporting and registration of tax invoices. As stated in the explanatory note, the document propo…
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