- Tax authorities identified errors in declaring a decrease in VAT credit based on the correction calculation
- Many taxpayers incorrectly reduce their tax credit during the period of receiving and registering correction calculations in the ERP, when the obligation to reduce the tax credit arises during a change in operation
- The Tax Code of Ukraine specifies special rules for declaring the tax credit in certain cases when preparing and registering a correction calculation by the supplier of goods/services to the recipient
- the taxpayer
- The recipient is required to reduce the tax credit in the reporting period when there are grounds for the supplier to prepare such a correction calculation
- Common errors include reducing the tax credit during the period of receiving and registering correction calculations in the ERP, when the obligation to reduce the tax credit arises during a change in operation, such as returning goods/services or the amount of prepayment by the supplier
- Such reductions lead to the recipient
- taxpayer violating the calculation and payment of VAT obligations.
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.