Cabinet of Ministers approved the procedure for the electronic VAT administration

The Cabinet approved the procedure for the electronic VAT administration and determined that the accounts of payers in the new system will be opened in the State Treasury Service (State Treasury). It was stated in the decree N569 from 16 October. 

SFS head Ihor Bilous at the conference A Fresh Look at Ukraine on October 28, confirmed that the launch of the system is expected in 2015. "The system will be fully automatic and will provide twice fast payment of VAT", - said Bilous.