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Unified Mechanism for Reflecting VAT Amount in Tax Declaration: Guidelines and Procedures.

  • The main tax authority in the Odessa region informs about the procedure for reflecting the amount determined in the tax notification-decision in the VAT tax return
  • The tax authority sends the taxpayer a tax audit report if an overstatement of the negative VAT amount is found
  • The rules for appealing decisions of tax authorities are defined in the Tax Code of Ukraine
  • Appeals can be made in administrative or judicial procedures
  • Administrative appeals suspend the taxpayer’s financial obligations until the end of the appeal process
  • Judicial appeals result in financial obligations being considered unresolved until a court decision is finalized
  • The procedure for submitting tax declarations and making changes to them is outlined in the Tax Code
  • The process for submitting VAT tax declarations to the tax authority is defined in the Tax Code
  • The negative tax amount is carried over to the next tax period in the VAT tax declaration
  • The specific forms and procedures for submitting tax reports are approved by the Ministry of Finance of Ukraine

Source: od.tax.gov.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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