- The deadline for including VAT amounts in the tax credit for registered VAT invoices in the ERPN is 365 calendar days from the date of issuing the tax invoice, starting from August 1, 2023.
- Taxpayers are reminded that amounts of tax paid in connection with the purchase of goods/services that are not confirmed by registered tax invoices in the ERPN are not eligible for tax credit.
- Tax invoices received from the ERPN serve as the basis for calculating tax amounts eligible for tax credit.
- If a taxpayer fails to include the tax amount in the tax credit within the reporting period based on received tax invoices in the ERPN, they have the right to do so within 365 calendar days from the date of issuing the tax invoice.
- Tax amounts paid in connection with the purchase of goods/services, indicated in tax invoices in the ERPN with a delayed registration, can be included in the tax credit within 365 calendar days from the date of issuing the tax invoices.
- Taxpayers using the cash method of tax accounting have the right to include tax amounts in the tax credit within 60 calendar days from the date of withdrawal of funds from the taxpayer’s account or provision of other forms of compensation for supplied goods/services.
- The registration suspension of tax invoices in the ERPN interrupts the deadlines specified in the tax legislation.
- The cash method for tax purposes according to the Tax Code is applicable for tax accounting purposes.
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.
