- The amount indicated in line 20.1 of the VAT declaration is used to reduce the VAT tax debt in the integrated taxpayer card (ITC)
- If the calculated amount in line 200.1 of the Tax Code is negative, it is used to reduce the tax debt from previous reporting periods
- Negative values in line 20 of the VAT declaration are used to reduce the tax debt from previous periods
- Payments are recorded in the ITC in chronological order, with each operation recorded in a separate line
- Payments are first used to settle tax obligations, then penalties, and finally interest
- The amount in line 20.1 of the VAT declaration is used exclusively to reduce the VAT tax debt in the ITC, following a specific order of priority for debt repayment
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.
