VATupdate

In which cases is it necessary to recognize the conditional supply of goods and non-current assets when canceling the registration of a VAT payer?

The Main Department of the State Tax Service in Lviv region informs that in accordance with paragraph 184.7 of Article 184 of the Tax Code of Ukraine, if goods / services, non-current assets, tax amounts which were included in the tax credit, were not used in taxable transactions within economic activity , such taxpayer in the last reporting (tax) period not later than the date of cancellation of his registration as a taxpayer is obliged to determine tax liabilities for such goods / services, non-current assets based on the normal price of relevant goods / services or non-current assets, except cancellation of registration as a taxpayer as a result of reorganization of the taxpayer by accession, merger, transformation, division and separation in accordance with the law.

Source: gov.ua

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