No VAT Sales for 12 Months? Your Registration is Safe.

• 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.

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