- When a buyer returns goods, the supplier must prepare a correction calculation with VAT
- The correction calculation must be registered in the Unified Register of Tax Invoices (ЄРПН) by the buyer
- The correction calculation must be done within 1095 calendar days from the date of the original tax invoice
- If the correction calculation results in a decrease in compensation amount for the supplier, the tax obligations and tax credit of both the supplier and the recipient must be adjusted accordingly
- The buyer must reduce the tax credit in the reporting period in which the goods were returned
- If the returned funds are not refunded and are used for future purchases, a tax invoice must be prepared for the transaction.
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.
