DPS in Cherkasy region notes that in accordance with clause 198.3 of Art. 198 of the Tax Code of Ukraine (hereinafter referred to as the Tax Code of Ukraine), the tax credit is calculated regardless of whether such goods/services were used in taxable transactions within the scope of the taxpayer’s business activities, as well as whether the taxpayer carried out taxable transactions during such reporting period.
Source: dtkt.ua
Latest Posts in "Ukraine"
- How Contractors Can Opt Out of Cash Method for VAT in Construction Contracts
- VAT Taxation Procedure for Sale of Pledged Property by Non-Financial Creditors in Ukraine
- VAT Implications for Resident Buyers Receiving Credit Notes as Monetary Rewards from Non-Residents
- VAT Exemption on Pawned Property Sales by VAT Payers: Conditions and Regulations Explained
- Adjustment of Tax Liabilities and Credits in VAT Declaration for Reporting Period
