- Changes in the amount of compensation for goods/services must be adjusted in the tax invoice
- Adjustment calculation must be registered in the Unified Register of Tax Invoices within 1095 days
- If the adjustment results in a decrease in compensation, the supplier reduces tax liabilities and the recipient reduces tax credit
- Supplier can only reduce tax liabilities after registration of the adjustment calculation in the Unified Register of Tax Invoices
- Buyer must reduce tax credit in the reporting period when goods are returned
- If returned funds are not used for other purchases, a tax invoice must be issued for the transaction.
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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