Simplifying the VAT Payer Registration Procedure

Автор: admin_dev

Дата оновлення: 05 February 2014

The Ministry of Revenues once again reminded of the changes that occurred in the procedure for registering VAT payers, which came into force on January 1, 2014.

Namely:

• a person wishing to register as a VAT payer may do so simultaneously with the registration of the enterprise by submitting an application to the state registrar, or submit an application directly to the Ministry of Revenues;
• the state registrar is required to transmit to the Ministry of Revenues electronic copies of applications for registration as a VAT payer together with the registration card of the created business entity;
• registration as a VAT payer is possible on a voluntary basis without any restrictions on the volume of taxable transactions.

Considering the changes that have occurred, the procedure for registering VAT payers now takes place on the basis of:

• a registration application in paper form submitted directly to the Ministry of Revenues;
• an electronic copy of the registration application transmitted by the state registrar;
• registration applications submitted electronically.

According to the new rules for registering VAT payers, persons who completed the registration procedure before they came into force are not required to re-register.

Existing Certificates are equated to extracts from the VAT payers register and are freely used by taxpayers. If desired, a VAT payer may request an extract from the register, and then they must surrender the Certificate to the Ministry of Revenues.

Also, all information from the VAT payers register about newly registered persons or persons whose registration has been cancelled is constantly updated on the official website of the Ministry of Revenues. Therefore, tax authorities are no longer entitled to require extracts from the register from the taxpayer.

The timeframes for carrying out registration have remained the same as they were before 2014.