- Tax credit with VAT is formed based on registered tax invoices in the Unified Register of Tax Invoices by the decision of the supervisory authority commission
- Tax invoices must be registered in the ERP system by the taxpayer who conducts transactions with goods/services
- Failure to register tax invoices in the ERP system by the seller does not allow the buyer to include VAT amounts in the tax credit
- Registration of tax invoices in the ERP system can be suspended by the Cabinet of Ministers of Ukraine
- Taxpayers can access data on tax invoices and adjustments in the ERP system through their electronic taxpayer account
- Rules for forming tax credit are outlined in Article 198 of the Tax Code of Ukraine
- Tax credit for reporting period is based on contractual value of goods/services and includes taxes paid by the taxpayer at the established rate.
Source: kyiv.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.
