Opening of accounts in the electronic system of VAT is made without presence of a taxpayer; so, taxpayers do not have to visit the treasury in order to open such an account. One electronic account will be opened for each taxpayer, - the officials from the Main Department of the National Fiscal Service in Volynsk oblast accentuated.
No fees are charged for either opening of electronic accounts with the Treasury or their handling. Any information about cash flows through electronic accounts of a taxpayer will be provided by the NFS upon the request of the taxpayer, free of charge; moreover, a number of requests and time required are not limited.
According to the procedure for account opening, as specified in the resolution of the Cabinet of Ministers of Ukraine dd. October 16, 2014, under No.569, on some issues of electronic administration of value-added tax, in particular, pursuant to par.5, electronic accounts are automatically opened by the treasury based on the data from the registry of taxpayers, and after an individual tax number is assigned, it is sent to the Treasury.
In its turn, not later than on the succeeding business day following the day of opening, the Treasury forwards a message to the NFS saying that the VAT electronic account has been opened, and after receipt of such a notification the National Fiscal Service of Ukraine informs the VAT taxpayer of the e-account details (par. 6, Procedure No.569).
The taxpayers can place funds on the VAT electronic accounts from their own current accounts opened with banking institutions and do it themselves, in the amount:
- necessary to increase the amount calculated according to par. 2001.3, article 2001 of the Code, and giving the right to make an entry record into the registry of tax invoices/settlement adjustments;
- not sufficient to pay taxes as determined to the budget.
Topping-up the electronic account of the VAT payer from other sources, for example, from current accounts of other people, is not envisaged.
The money is automatically transferred from the electronic account by the Treasury directly to the budget and/or to the account opened with the bank and/or treasury unit by agricultural enterprises – under the special taxation scheme set out in article 209 of the Code, to accumulate taxes charged on value of agricultural products (services) supplied, according to the procedure specified in article 209 of the Code. Such money transfer is made using the data from the registry of VAT payers that is automatically created by the National Fiscal Service of Ukraine and sent to the treasury.
