No sanctions will be imposed for violations related to electronic administration of VAT and excise tax from March 1 to May 31, 2020.
Ukraine's State Tax Service (STS) says it has abolished penalties for non-registration of tax and excise invoices amid a nationwide quarantine aimed at countering the spread of COVID-19.
If the payer of the single social security tax has already made relevant payments for March and April this year before the entry into force of Law No. 533 on support for businesses for the period of activities to prevent the spread of the coronavirus (COVID-19), the tax authorities will credit such amounts to future payments.
That is according to the information letter, titled "Quarantine innovations for businesses: The specifics one needs to know," published by the STS on its website on March 20.
At the same time, no applications from the payers of single social security taxes are required, except in cases of independent determination by such payers of the tax base for the reporting period.
Moreover, no sanctions will be imposed for violations related to electronic administration of VAT and excise tax from March 1 to May 31, 2020. That is for non-registration (untimely registration) of tax invoices/calculation adjustments in tax invoices, as well as for non-registration (untimely registration) of excise invoices/calculation adjustments in the State Register of Excise Invoices.
Earlier, STS Chairman Serhiy Verlanov explained what changes would be made for businesses for the quarantine period.