- “Yedynik” ceased its activities and this year registered as a “general taxpayer”
- If an individual entrepreneur ceased their activities and re-registered as a “general taxpayer” within a year, and the total amount from transactions in the last 12 months exceeds 1 million UAH, they must register as a VAT payer
- The tax authorities explain that the legal basis for VAT taxation is established in Chapter V and Subsection 2 of Chapter XX “Transitional Provisions” of the Tax Code
- Any person registered or required to be registered as a taxpayer is considered a taxpayer for VAT purposes
- Registration of VAT payers is carried out in accordance with Articles 181-183 of the Tax Code
- If the total amount from taxable transactions in the last 12 months exceeds 1,000,000 UAH, the person must register as a taxpayer in the tax authority at their location
- Transactions subject to VAT are included in the total amount for VAT registration, while non-taxable transactions are excluded
- A registration application must be submitted to the tax authority by the 10th of the following month after reaching the taxable transaction threshold
- In case of transitioning from a simplified tax system to paying other taxes, the registration application must be submitted by the 10th of the first month of the transition
- If the requirements are met, the registration application must be submitted within the specified timeframe
- Therefore, if an individual entrepreneur ceased their registration as a business entity but re-registered within a year, they must register as a taxpayer if the total amount from transactions exceeds the threshold
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.
