- The State Tax Service in the Cherkasy region explains that if a person who is not a taxpayer due to the absence or lower amount of taxable transactions wishes to voluntarily register as a taxpayer, they can do so by submitting an application.
- When calculating the total amount of taxable transactions for the purpose of determining the need for mandatory registration and the possibility of voluntary registration as a VAT payer, it is necessary to consider the definition of “supply of goods/services” and take into account the volumes of such supply over the past 12 calendar months.
- Supply of services includes any operation that is not the supply of goods, as well as the transfer of rights to intellectual property objects and other intangible assets, or the provision of other property rights related to such intellectual property objects, as well as the provision of services consumed in the process of performing a certain action or conducting a certain activity.
- Supply of goods includes any transfer of the right to dispose of goods as an owner, including sale, exchange, or donation of such goods, as well as the supply of goods by court decision.
- When determining conditional supply, no payment is made to the taxpayer and no supply of goods/services is made to other taxpayers. Therefore, when calculating the volume of taxable transactions for the purpose of re-registration as a VAT payer, the taxpayer whose registration has been canceled should not include the volumes of conditional supply of goods and non-current assets determined by them during the cancellation of their VAT registration.
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.
