The State Fiscal Service of Ukraine in its Individual Tax Advice “On peculiarities of determination of VAT liabilities when performing warranty repairs using the obtained free of charge import spare parts and a tax invoice in the implementation of several supply transactions to a single buyer” of 16.01.2019, No. 165/6/99-99-15-03-02-15/ІПК reports: if you supplies goods/services two or more times a month to one buyer – this is a rhythmic supply. The rhythmic nature of the transaction depends only on the fact of their commission, and not on the fact that they were drawn up by one or several contracts. Tax liabilities arise from an event that occurred earlier, namely on a date:
- or obtaining advance from the buyer;
- or shipment of goods.
Tax liabilities do not depend on whether the first event occurs under one or more civil law contracts.
If you supply the goods to one buyer two or more times a month for one or different contracts – you can make a consolidated tax invoice for the total amount of supply.
When the supplier does not prepare consolidated tax invoices and the buyer pays the product on the same day with several advances within one or more contracts, the seller can make one tax invoice for the total amount of such advances.
The State Fiscal Service of Ukraine in its Individual Tax Advice “On the impossibility of registering in the URTI the adjustment calculation to the tax invoice drawn up for the purpose of correction of mistakes made with the prior adjustment of the indicators of such a tax invoice and the cancellation of the registration of the adjustment calculation, which contains errors” of 15.01.2019, No. 144/6/99-99-15-03-02-15/ІПК considered the situation when the enterprise made a mistake in the tax invoice (TI) and the adjustment calculation (AC) to it.
Representatives of the fiscal department explained how to correct. Taxpayers have completed the electronic service for VAT payers, through which you can see all the indicators of TI, published in the URTI for the current date, taking into account registered AC to it. All the necessary data can be downloaded in xls format.
Access to these data is provided in the private section (personal cabinet) of the Electronic cabinet in the section “URTI”. In order to correct the errors in previously prepared AC, correct adjust all incorrect lines of TI on the date of adjustment. To do this, use the information on the indicators of TI taking into account all AC registered to it, received through the electronic service.
Each line of TI, which you adjust, must correspond to two lines of AC:
- in the first one – “reset to zero” (reverse) the line of TI with an error. When you fill in the graph 1.2, correctly specify the serial number of the line of corrective TI;
- in the second one – indicate the correct indicators. In line 1.2 of this line, write a new line number, which is not in TI, to which AC is prepared.
In column 2.1, in both lines of AC, indicate the conditional code 302, which corresponds to the reason for the correction of “Elimination of ambiguities”.
The Ministry of Finance of Ukraine in its macroeconomic review and forecast predicted that in 2019 the average monthly salary of Ukrainians would amount to UAH 10.1 thousand.
“The average monthly salary of employees (gross) in hryvnias will be UAH 10 129 in 2019, UAH 11 451 in 2020, UAH 12 835 in 2021” the report said.
The nominal average salary, adjusted for the consumer price index, will grow by 6.9% in 2019 compared to 2018, by 6% in 2020, by 6.2% in 2021.
In 2018, the average salary amounted to UAH 8 713.
The National Bank of Ukraine approved and promulgated all regulatory acts basic for a new liberal system of currency regulation, stipulated by the Law of Ukraine “On Currency and Currency Transactions” of 21.06.2018, No. 2473-VIII.
The new system consists of 8 major decisions of the NBU Board, which replaced the preliminary base of 56 normative legal acts in the field of currency regulation.
In general, from February 7 more than 20 exemptions will be introduced:
- it is doubled the deadline for settlement of export-import contracts – up to 365 days;
- it is canceled the currency control over export-import transactions up to UAH 150 thousand;
- it is allowed the free use of accounts of legal entities abroad (except for transactions for the transfer of funds from Ukraine to such accounts);
- it is canceled the individual licenses for currency transactions – they will be replaced by a system of e-limits (2 million euros/year for legal entities, 50 thousand euros/year for individuals);
- it is canceled the sanctions in the form of termination of foreign economic activity for violation of the terms of settlements;
- it is canceled the restriction on early repayment of external obligations;
- it is allowed to conclude currency forwards for hedging export-import and debt transactions;
- it is allowed to carry out transactions on accounts of legal entities - non-residents in Ukrainian banks;
- the procedure for registration of external borrowings is canceled;
- it is allowed on-line purchase of foreign currency by individuals (within the limits of the cash currency purchase limit – up to 150 thousand hryvnias per day in the equivalent);
- banks are allowed to sell government securities denominated in foreign currency for foreign currency to their clients;
- banks are allowed to enter into currency swaps with residents and non-residents;
- it is allowed unlimited investment of banks in investment securities of investment class;
- it is increased the limit for foreign currency transfers abroad without opening an account for individuals – from 15 to 150 thousand hryvnias per year;
- it is increased the limit on the purchase of banking metals by individuals and legal entities from 3.21 troy ounces per week (100 g) to the equivalent of 150 thousand hryvnias per day (without restrictions for legal entities conducting activities related to the use of banking metals);
- legal entities are allowed to import-export of banking metals, if provided by their statute;
- residents are allowed to make payments in foreign currency when life insurance;
- it is allowed to invest and loan residents from the LORO account in hryvnias of a non-resident bank;
- non-resident banks are allowed to buy currency for the entire amount of the balance in UAH in the account LORO;
- it is allowed to buy and accumulate foreign currency on the account for payments for external borrowings;
- it is canceled dual control over export transactions – currency supervision will be carried out only by the bank which received information on the corresponding customs declaration;
- it is allowed to invest in Ukraine not only in the currencies of the first, but also the second group of currency classifier;
- it is unified the movement of currency values across the border.
Removing of restrictions that create the most additional difficulties for foreign economic activity and restrain new foreign investments into Ukraine is among main priorities of the NBU.
Within the framework of the new system of currency regulation, the NBU also transitions from the system of total foreign exchange control for each transaction to currency control, built on the principle of “more risks – more attention, less risk – less attention”.
Banks will be able to weaken the supervision of most business transactions that will not have signs of dubious transactions (inconsistent volumes of transactions with volumes of ordinary business activity, mismatching the essence of the transactions of the content of the client, use in the calculation of shell companies, etc.).
