- If after re-registering as an individual entrepreneur, the individual is on the general taxation system and the total amount of goods supplied in the last 12 months exceeds 1 million UAH, they must register as a VAT payer
- The legal basis for VAT taxation is set out in Chapter V and Subsection 2 of Chapter XX “Transitional Provisions” of the Tax Code
- Any person registered or required to be registered as a taxpayer is considered a taxpayer for VAT purposes
- Registration of VAT payers is carried out in accordance with Articles 181-183 of the Tax Code
- If the total amount of taxable transactions exceeds 1,000,000 UAH in the last 12 months, the person must register as a taxpayer
- Non-taxable transactions are not included in the calculation of the total amount of taxable transactions
- A registration application must be submitted to the tax authority no later than the 10th day of the month following the month in which the threshold amount was reached
- In case of transition from a simplified tax system to other taxes, the registration application must be submitted by the 10th day of the first month of payment of other taxes
- If the total amount of taxable transactions exceeds 1,000,000 UAH in the last 12 months, the individual must register as a VAT payer
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.
