Conditions for Tax Credit on Purchases in Ukraine: Reporting Period and Registration Requirements

• The State Tax Service in Kyiv has announced that if a supplier registers such tax invoices in the ERPN within 60 calendar days from the date of restoration of VAT payer registration, the buyer is entitled to a tax credit in the reporting period in which the transaction was made and the tax invoice was issued.
• If the buyer formed a tax credit in the reporting period in which the goods/services were purchased based on primary documents, there is no need to adjust such tax credit.
• However, if the supplier does not register such tax invoices in the ERPN within 60 calendar days from the date of restoration of VAT payer registration, the buyer loses the right to the tax credit formed based on primary documents for the relevant transactions with the supplier.
• This tax credit must be reduced by submitting adjusting calculations to the VAT tax returns for the corresponding reporting periods.
• The right to such tax credit is restored when the relevant tax invoices are registered in the ERPN by the supplier whose VAT payer registration has been restored.
• Detailed information on the rules for transitioning to the pre-war taxation system and the peculiarities of taxation for taxpayers during the period of martial law can be found in the informational letter of the State Tax Service of Ukraine.

Source: kyiv.tax.gov.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.

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