- A VAT payer can cancel their registration if the total value of taxable goods and services for the last 12 months is less than the established threshold.
- The cancellation is possible after 12 months of registration and if the volume of taxable operations is lower than the threshold defined in the Tax Code.
- The total value includes operations with the supply of goods and services defined in the Tax Code.
- Tax liabilities calculated according to paragraphs 198.5 and 199.1 of the Tax Code are not included in the total value of taxable goods and services for VAT registration cancellation.
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.
