VAT payer extract

BASIC SERVICESPRICESDEADLINES FOR REGISTRATION
Registration of VAT payer extractFrom 1000 UAH2 working days
ADDITIONAL SERVICESPRICESDEADLINE FOR REGISTRATION
Execution of an extract from
the statistics department		1000 UAH1 working day
Making an LLC seal1000 UAH1 working day
Lease of a controlled legal address in KyivFrom 5000 UAH / year1 working day

What is a VAT payer statement?

A VAT payer’s extract is a document that confirms the status of a legal entity (LLC, PE) or entrepreneur (IE) as a VAT (value added tax) payer. This statement contains information about the taxpayer’s registered details, including tax identification number (TIN), registration reason code, as well as information about registration as a VAT payer.

A VAT payer extract can be requested or used in various situations, such as business transactions, contracts, participation in government procurement and other cases where confirmation of VAT payer status is required.

Why do you need a VAT payer extract?

The VAT payer’s extract plays a number of important roles:

  1. Status confirmation. The extract confirms the status of a legal entity or entrepreneur as a VAT payer. This is important when making transactions, especially between legal entities, where each party must ensure that the partner has VAT payer status;
  2. Drawing up contracts. In a number of situations, including international trade transactions and some domestic transactions, an extract is required for the execution of contracts. The presence of VAT payer status may affect the terms of the contract and the tax obligations of the parties;
  3. Participation in government procurement. To participate in public procurement, you must be a registered VAT payer. The extract serves as confirmation of this status when participating in tenders and auctions;
  4. Compliance with tax laws. Business owners must provide statements to tax authorities and other government control authorities as necessary to confirm their compliance with tax laws.

Thus, a VAT payer’s extract is an important document for business in Ukraine, which is used for various purposes related to tax and commercial turnover.

How to issue a VAT payer extract?

Registration of a VAT payer extract includes the following steps:

  1. Registration of LLC as a VAT payer. Firstly, you need to register as a VAT payer with the tax authority where your business is located. This usually occurs through the submission of an appropriate application and provision of the necessary documents;
  2. Receiving an extract. After successful registration, you will be issued a VAT payer’s extract on a standard form. This document will contain important information about your business, including your Tax Identification Number (TIN) and VAT status;
  3. Statement update. If you need to change your business details (for example, change of address or contact information), you will need to request an updated statement from the tax authority;
  4. Using an extract. The resulting extract can be used in various situations described earlier, for example, when concluding contracts, participating in public procurement;
  5. Compliance. It is significant to remember that as a VAT payer, you are required to comply with all tax law requirements, including timely submission of tax reports and payment of applicable tax obligations.

For specific instructions and requirements for preparing a VAT taxpayer extract, it is best to contact the Ukrainian tax authority or professional tax consultants.

Why is it better to entrust us with the preparation of the VAT payer’s extract?

Preparation of a VAT statement can be quite technical and require knowledge of tax legislation, procedures, and requirements set by tax authorities. Here are a few reasons why some people prefer to entrust this case to the Law Firm “CENAT”:

  • Expertise and experience. Law firms specialize in issues such as tax law and have experience in preparing various documents, including VAT statements. They have an understanding of the process and requirements, which can make the entire process easier and faster;
  • Preventing errors. The execution of the statement can be subject to various errors, which can lead to delays or problems with the tax authorities. A Law Firm “CENAT” with experience in this area can help avoid such mistakes;
  • Reduced time and effort. For entrepreneurs, especially those who do not have experience in tax law, preparing a VAT statement can take a lot of time and effort. By entrusting this task to professionals, entrepreneurs can concentrate on other aspects of their business;
  • Ensuring compliance with legislation. Law Firm “CENAT” monitors changes in legislation and updates its knowledge to ensure that its services comply with legal requirements. This helps avoid unexpected tax issues in the future.

In general, entrusting the preparation of VAT statements to a law firm can be especially useful for those who do not have sufficient experience or time to complete this task themselves.