- According to the State Tax Service (DPS), the incorrect VAT return should be nullified and a corrected return should be filed with a 0% rate.
- However, this method is not specified in the regulatory documents and lacks specificity.
- Another option is to correct the mistake by returning the excess VAT to the buyer and filing a corrected return.
- This method also lacks specificity and does not provide details on the necessary documents or dates.
- Another option is to correct the mistake by using a correction invoice, indicating the incorrect entry with a “-” and adding the correct entry with a “+”.
- This method does not require a separate corrected return, but the total value after correction should remain the same.
- The author suggests using this method as it aligns with the regulations and should be reflected in the VAT declaration.
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.
