Tsesnabank is pleased to inform you that as part of implementation of paragraph 1 of Article 433 of the Tax Code, our Bank offers current account opening in a VAT control account mode.

The VAT control account is a separate bank account used for separate accounting of VAT-related cash flows.

The VAT control account is used for:

• payment of value added tax to the budget, including value added tax on imports and for non-residents;

• payment of value added tax to suppliers of goods;

• payment of value added tax by buyers (recipients) of goods;

• crediting of money from another bank account of the value added tax payer.

The opening and maintaining of a current account in a VAT control account mode is free of charge.

Transfer operations on the account are charged in accordance with the existing Bank’s fees.

To open a current account in a VAT control account mode, please apply to any outlet of the Bank.