Tax authorities identify errors in declaring VAT credit reduction based on adjustment calculations in ERPN.

• Tax authorities identified errors in declaring a decrease in VAT credit based on the correction calculation
• Many taxpayers incorrectly reduce their tax credit during the period of receiving and registering correction calculations in the ERP, when the obligation to reduce the tax credit arises during a change in operation
• The Tax Code of Ukraine specifies special rules for declaring the tax credit in certain cases when preparing and registering a correction calculation by the supplier of goods/services to the recipient
• the taxpayer
• The recipient is required to reduce the tax credit in the reporting period when there are grounds for the supplier to prepare such a correction calculation
• Common errors include reducing the tax credit during the period of receiving and registering correction calculations in the ERP, when the obligation to reduce the tax credit arises during a change in operation, such as returning goods/services or the amount of prepayment by the supplier
• Such reductions lead to the recipient
• taxpayer violating the calculation and payment of VAT obligations.

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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