- Taxpayers are reminded that when determining the total volume of operations for re-registration as a VAT payer, volumes of conditional supply of goods and non-current assets are not considered.
- If goods/services, non-current assets, or tax amounts included in the tax credit were not used in taxable operations within the business activity, the taxpayer must determine tax liabilities for such goods/services, non-current assets based on the usual price, except in cases of registration cancellation due to taxpayer reorganization.
- If the total amount from taxable operations exceeds 1,000,000 UAH within the last 12 months, the person must register as a taxpayer, except for those under the unified tax regime.
- If a person is not a taxpayer due to lack of taxable operations, they may voluntarily register as a taxpayer.
- When calculating the total amount from taxable operations, the definition of “supply of goods/services” must be considered, taking into account the volumes of such supply over the last 12 months.
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.
