Today, the parliament of Ukraine adopted draft law No. 14023 in the first reading, which amends the Law “On Accounting and Financial Reporting in Ukraine.” The document makes the signing of service provision certificates voluntary.
What is changing?
Entrepreneurs are required to sign bilateral service provision certificates, which the tax service requires during audits. Their absence may be grounds for sanctions, even if the fact of service provision was confirmed by payment.
According to the draft law, confirmation of the service provided will be an invoice signed by the contractor and its payment. This is in line with European practice, where invoices are the main financial document. This approach has already been partially implemented in the field of foreign economic activity.
Why is this important?
The abolition of mandatory acts will reduce the bureaucratic burden on business, eliminate grounds for tax disputes and bring Ukraine’s accounting system closer to EU standards.
BRDO has contributed to the development of this area, which promotes deregulation, simplification of reporting and harmonisation of Ukrainian rules with European ones. We support the swift adoption of the draft law in the second reading.