Changes to the Procedure for the Functioning of the Single Account Came Into Force.

The government has made changes to the Procedure for the Functioning of the Single Account and the implementation of the norms of Article 35-1 of the Tax Code of Ukraine by central executive authorities. The relevant resolution No. 532, dated May 10, 2024, came into force on May 14.

This document was adopted to align with the current legislation following amendments made by laws No. 2801-IX "On Amendments to Certain Legislative Acts of Ukraine Regarding Ensuring the Conclusion of an Agreement Between Ukraine and the European Union on Mutual Recognition of Qualified Electronic Trust Services and the Implementation of EU Legislation in the Field of Electronic Identification," and No. 2620-IX "On Amendments to the Law of Ukraine 'On Mandatory State Social Insurance' and the Law of Ukraine 'On Mandatory State Pension Insurance,'" and in accordance with the norms of the laws "On Information Protection in Information and Communication Systems," and "On Mandatory State Social Unemployment Insurance."

The changes include the provision for submitting information on the movement of funds in the single account for each operational day and the use of the single account by the taxpayer no later than the working day following the day of submission of their notification.