Yes, item 1 (concerning the seizure of funds in a single account opened in the manner specified in Article 35-1 of the Tax Code of Ukraine), paragraph 2, paragraph 3 (in the case of a single account opened in the manner specified in Article 35-1 of the Tax Code of Ukraine) of section I of Law No. 559 will come into force on January 1, 2021.

The amendments approved by this Law provide the creation of a single account for payment of taxes and fees stipulated by the Tax Code of Ukraine (except for VAT and excise tax on the sale of fuel and ethanol, as well as customs payments), as well as a single contribution to obligatory state social insurance through the Electronic office. Such an account will be opened to the payer with his consent (desire) at the central level of the State Treasury.

Please note that a single tax payment and a single payment account should start working from January 1, 2021. By this date, the State Treasury Service must take care of opening and releasing the details of such account.

Introducing a single tax account and a single payment should simplify the payment of tax payments and help to reduce the amount of erroneous or overpaid monetary liabilities.