- If a taxpayer does not have any supply operations for 12 consecutive tax months but has purchase volumes that have formed a tax credit, there are no grounds for canceling the VAT registration.
- The VAT registration is valid until the date of cancellation, which is done by excluding the taxpayer from the register.
- Cancellation occurs if a registered taxpayer does not file a VAT return for 12 consecutive tax months or files a return that shows no supply or purchase of goods or services for the purpose of forming a tax liability or tax credit.
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.
Latest Posts in "Ukraine"
- Ukraine Aligns with EU Standards Through DAC7 Implementation
- New VAT Innovations from October 1: Cash Method Extension and New Tax Exemption Introduced
- How to Fill VAT Registration Form No. 1-PDV for New Businesses in Current Year
- Procedure for Filling Table 1 of Appendix 2 (D2) to VAT Tax Declaration
- New VAT Amendments Effective October 1: Cash Method Extended, New Tax Exemption Introduced
