VAT Registration Cancellation and Cash Method: Tax Authority Clarification on Obligations and Procedures

• Upon cancellation of VAT registration, the taxpayer loses the right to use the cash method.
• The taxpayer must calculate tax liabilities on delivered but unpaid goods or services by the cancellation date.
• The cash method determines tax obligations based on the date funds are received in the taxpayer’s account.
• If goods or services included in the tax credit were not used in taxable operations, the taxpayer must determine tax liabilities based on the regular price by the cancellation date.
• Exceptions apply if registration is canceled due to reorganization through merger, transformation, division, or allocation.

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.