- The absence of a registered RK for the amount of the advance returned to the supplier does not cancel the buyer’s obligation to adjust the VAT invoice formed based on the PN issued for the advance payment.
- When goods or services are shipped to a taxpayer, a tax invoice (PN) must be issued and registered in the Unified Register of Tax Invoices within a specified period.
- The PN is the basis for the buyer to claim VAT amounts as input tax credit.
- If there are any significant changes in the quantity or price of the supply after shipment or in case of return of goods/money, VAT amounts require adjustment by preparing a correction calculation (RK) registered in the Unified Register of Tax Invoices.
- The RK must be registered within 1095 calendar days from the date of issuance of the PN to which it relates.
- The supplier can reduce tax liabilities only after registering the corrective PN in the Unified Register of Tax Invoices.
- If an advance payment is returned after 1095 days, the inclusion of the PN in the VAT declaration needs to be adjusted according to the rules specified in the Tax Code.
- The electronic administration of VAT is governed by Cabinet Resolution No. 569.
- Starting from July 1, 2015, the registration limit is calculated based on the PN and corrective PN issued, considering VAT amounts registered for the taxpayer.
- In case of advance payment return, the supplier must prepare and register the RK for the corresponding PN. The RK cannot be registered in the Unified Register of Tax Invoices after three years.
- If the advance payment was made before July 1, 2015, and a PN was issued accordingly, the reduction in input tax credit should be based on an accounting certificate.
- For PN issued after July 1, 2015, the buyer must adjust the input tax credit based on the PN.
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.
