The draft law on Single Tax Payment adopted on third reading

Starting from 1 January 2023, a draft law introduces a mandatory system of a single tax payment (STP) and a single tax account (STA) for legal entities to simplify the procedure for paying taxes and reduce the number of errors in payment documents thanks to a single balance of payments in respect of taxes, duties, advance payments, insurance contributions, fines and penalties in a single tax account.

The review prepared by Kept analyses the principles of applying the STP, highlights its pros and cons for the business and produces recommendations of Kept experts.