Regarding the introduction of the Single account for payment of taxes and fees, single social contribution to the compulsory state social insurance
On the 13th of September 2019, in the first reading Verkhovna Rada of Ukraine voted for the Bill №. 1049 “On Amendments to Some Laws of Ukraine on the Introduction of the Single Account for Payment of Taxes and Fees, Single Contribution to the Compulsory State Social Insurance” and Bill №. 1051 “On Amendments to the Tax Code of Ukraine on the Introduction of the Single Account for Payment of Taxes and Fees, Single Contribution to the Compulsory State Social Insurance”.
Bill №. 1051 prescribes the introduction of a simplified model for payment of taxes and fees to the state and local budgets (except for the VAT and excise tax on the sale of fuel and alcohol), for which both tax and financial reporting are submitted / not submitted, as well as the single contribution to trust funds.
Bill №. 1051 creates the most comfortable and clear rules regarding the payment to the budgets and trust funds for the payer, namely:
opening of single accounts is made by submitting the relevant application of the established form (without submission of unnecessary documents) by the payer in the Electronic Cabinet;
payer independently manages the funds in his / her own account (replenishment, debiting of funds to the budget);
formation of payment documents for the transfer of funds to the budgets and trust funds is fully automatic: in the E-cabinet payer makes the choice of only two parameters that system provides automatically - the type of payment (classification code), amount of payment, and formation of all other details of the payment document;
cases of wrongful payment of taxes and fees, single social contribution due to the incorrect filling in of payment requisites of accounts in payment documents by the payers (minimizing the need for replenishment of wrongly paid funds) are minimized;
forwarding of payment documents formed by the payer for execution to the Treasury is provided by the STS independently (without participation of payers);
in the E-cabinet payer has full information about the transfer of funds in the single account, the terms of payment of money obligations, their amounts, as well as the status of payments to the budget and trust funds;
payer’s financial expenses for servicing at the bank institutions are reduced (the STS and the Treasury serve the payer in the process of payments to the budget and trust funds on a free basis).
In addition, functioning model of the single account is prescribed in Bill №.1051 that ensures an equal filling of the revenue part to the state and local budgets, trust funds, since there is no tight link between the amounts of the receipts and the reporting by payers, which is important for financing the state expenditures and pensions.
Bill №. 1049 is interconnected with the Bill №. 1051 prescribes:
use of the single account opened in the Treasury in addition to the bank account by the payer of single social contribution;
imposition of a ban on the collection and seizure of funds from the payer’s single account.
