KYIV, Feb 4 – Leading Ukrainian business associations, including the European Business Association (EBA), the American Chamber of Commerce in Ukraine, the Independent Association of Banks of Ukraine (NABU), and the Forum for Leading International Financial Institutions (FLIFI), have called on the government to review the process of implementing the electronic format for comprehensive tax audit information (SAF-T UA).
"Currently, SAF-T UA is designed to automate the exchange of tax data between large taxpayers and government authorities, enhancing control and efficiency in tax administration. Large taxpayers are already required to submit SAF-T UA files upon request during tax audits, and legislative changes are under consideration in Parliament to establish SAF-T UA as a mandatory regular reporting format," the EBA said on its website on Tuesday.
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