The procedure for refunding tax rebates has been changed
The Order of the Ministry of Finance No. 52 dated February 08, 2024 amended the Procedure for Information Interaction of the State Tax Service of Ukraine, its territorial bodies, the State Treasury Service of Ukraine, its territorial bodies, and local financial authorities in the process of refunding (transferring) to taxpayers erroneously and/or overpaid amounts of monetary obligations and penalties.
It was brought in line with the laws:
- No. 2520-IX "On Amendments to the Tax Code of Ukraine on Promoting the Development of Volunteer Activities and Activities of Non-Profit Institutions and Organizations in the Context of the Armed Aggression of the Russian Federation against Ukraine" dated 15.08.2022 No. 2520-IX
- No. 3317-IX of 10.08.2023 "On Amendments to the Tax Code of Ukraine and Other Laws of Ukraine on the Application of Special Economic and Other Restrictive Measures (Sanctions)"
- No. 2888-IX dated 12.01.2023 "On Amendments to the Tax Code of Ukraine and Other Legislative Acts of Ukraine on Payment Services".
As a reminder, under the current Procedure No. 60, if an individual does not have any bank accounts, the refund of overly withheld (paid) personal income tax amounts calculated by the territorial body of the State Tax Service on the basis of the tax return filed by the taxpayer is made by postal transfer through postal service companies to the address specified in the electronic notification.
However, Law No. 2520 amended clause 179.8 of the TCU to provide for the indication of a bank account opened in any commercial bank for transferring funds to taxpayers in the process of refunding overly withheld (paid) amounts of personal income tax, which are calculated by the territorial body of the State Tax Service on the basis of a tax return filed by the taxpayer. This eliminates the grounds for refunding the tax rebate by postal transfer through postal service branches .
The Order also supplements the Procedure with the procedure for refunding overly withheld (paid) amounts of personal income tax and forming a register of their refund and regulates the procedure for providing payment services in Ukraine in accordance with the generally accepted international practice.
Order # 52 will come into force on the date of its official publication. As of the date of this publication, the document has not been officially published.
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