New deadlines for State Tax Service inspections for VAT refunds will be effective from July 1
The tax authorities inform that on March 16, 2024, certain provisions of the Law of Ukraine dated February 23, 2024 No. 3603-IX "On Amendments to the Tax Code of Ukraine and Other Laws of Ukraine on Improving Online Communication with Taxpayers and Clarifying Certain Provisions of the Law" (hereinafter - Law No. 3603) came into force, which, in particular, amended the Tax Code.
In particular, Law No. 3603 reduces the timeframe for conducting audits to determine the amount of value added tax to be refunded from the budget starting from July 1, 2024.
Thus, taxpayers who are entitled to a budgetary refund in accordance with Article 200 of the TCU and have applied for a budgetary refund receive such a budgetary refund if the supervisory authority approves the claimed amount of budgetary refund based on the results of an in-house audit conducted within 20 calendar days following the deadline for submission of a tax return or a clarifying calculation (if submitted), and if such documents were submitted later - on the day of their actual submission, and in accordance with the requirements
The supervisory authority has the right, within 40 calendar days following the deadline for filing a tax return, and if such a tax return is submitted after the deadline, following the day of its actual submission, to conduct a documentary audit of the taxpayer in accordance with subparagraph 78.1.8 of the Tax Code.
UntilJuly 1, 2024, the supervisory authority has the right to conduct a documentary audit of the taxpayerwithin 60 calendar days following the deadline for filing a tax return, and if such a tax return is submitted after the deadline, following the day of its actual submission.
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