- If a person is required to register as a VAT payer and fails to do so, they face penalties based on the nature of the violation.
- The registration process is governed by the Tax Code of Ukraine and specific regulations.
- A registration application must be submitted by the 10th of the month following the month when taxable operations reach a certain volume.
- Failure to submit the registration application results in liability for unpaid VAT without the right to tax credit or budget reimbursement.
- The tax authority can independently determine tax obligations if declarations are not submitted on time.
- A fine of 10 percent of the determined tax obligation is imposed for certain violations.
- Intentional violations result in a 25 percent fine of the tax obligation.
- Repeated violations within 1095 days result in a 50 percent fine.
- No penalties are applied for not submitting a VAT declaration or registering a tax invoice if the person is not registered as a VAT payer.
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.
