- The cancellation of VAT payer registration can be done by the taxpayer or by the controlling authority.
- If a person registered as a taxpayer has their registration cancelled, they must switch to paying a 5% unified tax rate or opt out of the simplified tax system.
- If a legal entity paying a 3% unified tax rate has their VAT registration cancelled, they must submit a request to switch to paying a 5% unified tax rate or opt out of the simplified tax system.
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.
Latest Posts in "Ukraine"
- EU Council Approves Customs Duty Cuts on Ukrainian Agri-Food Products
- VAT Exemption for Defense Goods Supply by Subcontractors to State Contract Executors
- VAT Tax Credit Treatment for Expired Creditor Debt Write-offs from Resident Suppliers
- VAT Taxpayer Re-registration Form Requirements and Reason Field Completion Rules
- VAT Budget Refund: Who Has the Right to Claim It
