Using Input for VAT Adjustment in Business Operations: Guidelines for Registered Taxpayers

• If fixed assets are subsequently used in taxable operations within the scope of business activities, the VAT payer can reduce the amount of previously charged compensatory VAT on the basis of the adjustment calculation to the VAT invoice.
• The taxpayer is required to calculate tax liabilities based on the tax base determined according to the tax legislation and register a consolidated tax invoice in the Unified Register of Tax Invoices within the specified deadlines.
• The taxpayer can reduce the amount of tax liabilities if the goods/services or fixed assets are subsequently used in taxable operations within the scope of business activities, based on the adjustment calculation to the tax invoice.
• Adjustments to tax liabilities are reflected in specific rows of the VAT declaration according to the applicable tax rates.

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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