Automatic registration of tax invoices might be simplified

Automatic registration of tax invoices might be simplified

The Cabinet of Ministers suggests the Parliament to adopt the Draft Law on amendments to the Tax Code regarding tax invoices registration.

The Draft provides the “no-objection basis” to be applied. Therefore, if a tax invoice has not been automatically registered and no decision has been taken to refuse registration within five days, such shall be considered as duly registered.

It is stated, the application of such a principle shall facilitate the resolution of the issues arising whilst operating the tax invoices automatic blocking system.

The Draft Law “On Amendments to Article 201 of the Tax Code of Ukraine on the Registration of Tax Invoices/ Calculations Adjustments with the Unified Register of Tax Invoices” was approved by the Cabinet of Ministers on 4 October 2017.