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Registration of VAT adjustment calculation before Monday and its consequences: clarification from the tax authorities

  • Supplier can reduce tax liabilities only after registering the adjustment calculation in the Unified Register of Tax Invoices
  • Buyer reduces tax credit regardless of registration of such adjustment calculation
  • Adjustment calculation must be registered in the Unified Register of Tax Invoices by the buyer if it involves reducing compensation to the supplier
  • If the adjustment calculation results in a decrease in compensation for the supplier, the supplier reduces tax liabilities and the buyer reduces tax credit accordingly
  • Supplier can reduce tax liabilities only after registering the adjustment calculation in the Unified Register of Tax Invoices
  • Buyer must reduce tax credit regardless of receiving or registering the adjustment calculation
  • Detailed information on registration deadlines in the Unified Register of Tax Invoices, registration during martial law, nuances of calculating indicators in the electronic VAT administration system, conducting checks, and preparing a chamber act.

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.

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