Budget compensation for cancellation of VAT registration in Ukraine: conditions and requirements

• Budget compensation is provided in case of cancellation of VAT registration.
• If a person is eligible for budget compensation based on the results of the last month, it is provided regardless of whether the person remains registered at the time of payment.
• According to the Tax Code of Ukraine, if a taxpayer’s registration is cancelled and they have tax obligations for the last tax period, the amount of tax is deducted from the budget compensation. If there is no compensation within the specified timeframe, the taxpayer is required to pay the tax obligations or tax debt for that tax, regardless of whether the person remains registered as a taxpayer on the day of payment.
• If a person is eligible for budget compensation based on the results of the last tax period, it is provided within the timeframe determined by the Tax Code of Ukraine, regardless of whether the person remains registered as a taxpayer on the date of receiving the compensation.

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.

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