- Budgetary compensation of VAT amounts to taxpayers in case of cancellation of VAT taxpayer registration
- The amount of tax is deducted from the budgetary compensation if the taxpayer’s registration is cancelled and they have tax obligations for the last tax period
- If the taxpayer does not have tax obligations, they must pay the amount of tax obligations or tax debt that arose before the cancellation, regardless of whether they remain registered as a taxpayer on the day of payment
- Budgetary compensation is provided within the deadlines determined by the Tax Code, regardless of whether the person remains registered as a taxpayer on the date of receiving such compensation
- The legislation allows for changing the taxpayer’s bank account specified in the previously submitted application for the return of budgetary compensation and/or the amount of funds in the account in the electronic administration system of VAT, as well as taking into account the registration amount of the reorganized taxpayer in the calculation of the registration amount of the successor
- If changes in the taxpayer’s account occur after their exclusion from the VAT taxpayer register, the person can submit a notification to the controlling authority regarding the change of account details for receiving budgetary compensation
- The notification must contain the taxpayer’s full name, tax identification number or passport details, the date of the previously submitted application for the return of budgetary compensation, and the details of the new account (account number, opening date, bank/non-bank name)
Source: od.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.
