The Ministry of economic development and trade (MEDT) proposes to amend the Tax code of Ukraine, which will allow economic entities to register as payers of value added tax (VAT) on the basis of electronic applications.
“The purpose of these standards is the reduction of time required for registration of a business entity (including during the initial registration) as a VAT payer”, – stated in the explanatory note to the bill posted on the Ministry’s website.
The document is aimed at improvement of investment climate of Ukraine’s position in Doing Business rating of the world Bank, adds the Ministry.
According to him, the VAT payer will be able to register on the basis of statements in electronic form using electronic signature, and on the basis of the statement in the electronic form during the initial registration of a business entity. Only in case of refusal in registration of the controlling body in writing informs the taxpayer .
The project also proposes to reduce to one day the time of the adoption of the regulatory authorities decisions on voluntary registration of business entities (including during the initial registration) as a VAT payer and/or the single tax.
In addition, said the Ministry, in case of adoption will simplify the re-registration of the taxpayer in the event of a change of location (residence), will remove the mandatory use of seals and discrepancies in the definition of the term “independent professional activities”.