- The State Tax Service (DPS) is responsible for determining the decrease (increase) in the negative value of VAT if an error is found in the filling of Appendix 2 (D2) to the VAT declaration.
- According to the Tax Code of Ukraine, the amount of tax payable or refundable to the State Budget of Ukraine is determined as the difference between the tax liability and the tax credit for the reporting period.
- If the tax credit exceeds the tax liability, a negative value of VAT is formed for the taxpayer, which can be credited to the tax credit for the next reporting period.
- The procedure for filling and submitting VAT tax returns is regulated by Order No. 21 of the Ministry of Finance of Ukraine.
- The negative value of VAT that is credited to the tax credit for the next reporting period is detailed in Appendix 2 to the declaration.
- The table in Appendix 2 should be filled in chronological order, starting from the most recent reporting period.
- The reporting period in which the negative value of VAT occurred is indicated in the table.
- Any errors in the negative value of VAT and its period of occurrence lead to the provision of inaccurate information by the taxpayer.
- If the results of the taxpayer’s activity indicate a discrepancy in the negative value of VAT, the controlling authority is obliged to determine the decrease (increase) in the negative value of VAT.
- Therefore, if an error is found in Appendix 2 to the VAT declaration, the controlling authority must determine the decrease (increase) in the negative value of VAT.
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.
