- Negative value in line 5 of the VAT declaration can occur when the reduction in the volume of supply of goods/services for exempt operations exceeds the volume of exempt VAT operations or when such operations are absent in the reporting period
- Taxpayers in subcategory 101.24 ZIR noted that the procedure for filling out and submitting VAT tax reporting is approved by the Ministry of Finance order dated 28.01.2016 No. 21
- Line 5 of the VAT declaration must include the volumes of operations for the supply of goods/services exempt from taxation and adjustments for such operations, with the mandatory submission of appendix 4 (D4) for taxpayers filling out this line
- Line 5.1 of the declaration indicates the volumes of operations exempt from taxation, with adjustments separately reflected in line 5.1.1
- If the adjustments made in the reporting period for reducing the volume of supply of goods/services for exempt operations exceed the volume of exempt VAT operations, or if such operations are absent in the reporting period, then the indicators of lines 5, 5.1, and 5.1.1 of the declaration may have a negative value (displayed with a “-” sign)
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.
