- Line 5 and line 5.1 of the VAT declaration can have negative values.
- If the adjustments for reducing the volumes of supply of goods/services for exempt operations exceed the volumes of exempt VAT operations, the indicators of lines 5, 5.1, and 5.1.1 of the declaration can be negative.
- The filling and submission of the VAT tax report is regulated by Order No. 21 of the Ministry of Finance dated January 28, 2016.
- Line 5 of the VAT declaration includes information on the volumes of operations for the supply of goods/services exempt from taxation and adjustments for these operations. Annex 5 (D5) must be submitted by taxpayers filling out line 5 of the declaration.
- Line 5.1 of the declaration includes the volumes of operations (with adjustments) that are exempt from taxation. Adjustments for these operations are separately reflected in line 5.1.1 of the declaration.
- If the adjustments made in the reporting period for reducing the volumes of supply of goods/services for exempt operations exceed the volumes of exempt VAT operations in that period, or if there are no such operations in the reporting period, the indicators of lines 5, 5.1, and 5.1.1 of the declaration can be negative (indicated with a “-” sign).
Source: news.dtkt.ua
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
