(Coopers & Lybrand Times, Issue No. 23)
Quarterly VAT Payments Have Been Replaced By A More Frequent Regime
From March 1997 terms for VAT payment are as follows:
- every 10 days (by the 15th and 25th of the current month and by the 5thof the month following the reporting one) where the average amount of VAT paid during the previous year was in excess of Ukrainian Hryvnia (UAH) 25,000;
- once a month by the 15th of the month following the reporting one where the average amount of VAT paid during the previous year was up to UAH 25,000.
(Order of the State Tax Administration On Amending Regulations on Procedure of VAT Calculation and Payment dated 18 February 1997)
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