The procedure for applying increased tax rates to vacant buildings has been canceled

Decree of the President “On measures to create favorable conditions for business during the period of tax administration reform” was adopted
(UP No. 162 dated 06/28/2022).

In accordance with the Decree, from July 1, 2022, the procedure for applying increased rates of property tax and land tax, the suspension of tax benefits and preferences in respect of empty buildings, unused production areas, non-residential structures, objects of construction in progress, as well as land plots, occupied by these objects.

It is established that in the period up to March 1, 2023:

• financial sanctions are not applied for the reflection in invoices or receipts of cash registers of identification codes that do not correspond to the range of purchased goods (services);
• reflection of all transactions related to the accounting by business entities of fixed assets, intangible assets and inventory resources, as well as transactions related to their authorized capital, in the information system of the tax authorities “E-asset” is voluntary.

A procedure has been established in accordance with which, from July 1, 2022:

• for business entities that are mandatory recognized as VAT payers, a certificate of special registration for value added tax is issued automatically;
• the validity of a certificate of special registration for VAT of taxpayers with a high level of tax risk is suspended after the tax authorities send a notification of this five working days in advance, as well as in case of failure to eliminate deficiencies within the specified period.