Ministry of Finance in his order of March 18, 2016 № 373 made new changes to the Regulations on registration of payers of value added tax approved by order of the Ministry of Finance of Ukraine from 11.14.2014, № 1130 (hereinafter – Regulation number 1130) that is simplified registration procedure for the future VAT payers.
It has been established that if individual wants to register itself as a VAT payer then at first it must change the tax system taking into account the provisions of Article 293 of the Tax Code which sets tax rates for payers of the third group of the single tax providing for the payment of value added tax and do not provide the payment of the single tax.
So now a VAT payer may indicate a new statement to the supervisory authority desired date of registration which was listed in the previous unaccepted application if eliminated all the shortcomings provided by the Regulation number 1130. In this case, a new application must be submitted no later than 3 working days before the beginning of the tax period when the such person shall be considered as a VAT payer.
If a registration application to the supervisory authority is filed in electronic form, then to refuse to register or be invited to submit a new application for registration the supervisory authority can do in the way of a corresponding letter to the email address from which its received a statement of a person’s registration as VAT payer. The same procedure is provided for in case of cancellation of registration of VAT payer.