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Ukraine Regulatory Updates July 2024

Hatice Ozcan

Jul 11, 2024

SAF-T Electronic Reporting in Ukraine

Starting January 1st, 2025, large taxpayers in Ukraine will be required to submit SAF-T (Standard Audit File for Tax) electronic files to the tax authorities. This mandate marks the first phase of a two-step implementation process:

  • January 1st, 2025: SAF-T becomes mandatory for large taxpayers.

  • January 1st, 2027: SAF-T becomes mandatory for all other taxpayers.

Large taxpayers are defined as legal entities with an income exceeding five hundred million hryvnias (approximately 11 million euros) over the last four consecutive fiscal quarters.

Since 2021, large taxpayers have been expected to be ready to provide SAF-T files upon request from the Ukrainian tax authority. When requested, these files must be submitted within two business days.

The SAF-T file must include the following key information:

  • Accounting policies and descriptions of accounting methods

  • Detailed descriptions of business transactions, including coding and transaction characteristics

  • Accounting and tax information, covering transactions by date, number, source document name, and amount

  • Source documents, accounting certificates, etc.

Tax Invoice in Ukraine

In Ukraine, electronic invoicing between companies is not yet mandatory. However, since 2011, the government has required all taxpayers to submit a tax invoice electronically. This submission is done through an API connected to the national platform and must be signed with a certificate issued by a certification authority.

A tax invoice must include the following mandatory information:

  • Serial number of the tax invoice

  • Date of issuance

  • Seller and buyer information

  • Tax identification numbers of the seller and buyer

  • Description and quantity or volume of goods/services

  • Supply price, excluding taxes

  • Tax rate and the corresponding tax amount

  • Total amount, including taxes

  • Goods code according to the UCC FEA

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