Mandatory VAT Registration for General Taxpayers and the Fate of VAT Payers Registration

• If the total amount from supplies over the last 12 months exceeds 1 million UAH after re-registration of an individual as a “general taxpayer”, registration as a VAT payer is mandatory
• Taxpayers in subcategory 101.02 ZIR informed about the legal basis for VAT taxation in sections V and 2 of section XX of the Tax Code
• Registration of VAT payers is carried out according to articles 181-183 of the Tax Code
• Any person registered or required to be registered as a taxpayer is considered a taxpayer for VAT purposes
• Registration as a VAT payer is mandatory if the total amount from taxable supplies exceeds 1,000,000 UAH over the last 12 months
• Registration application must be submitted to the controlling authority by the 10th day of the following month after reaching the taxable amount
• In case of transition from a simplified tax system to payment of other taxes, registration application must be submitted by the 10th day of the first month of transition
• If a physical person-entrepreneur is on the general tax system and the total amount from taxable supplies exceeds 1,000,000 UAH over the last 12 months, registration as a VAT payer is required

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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