- The seller must register a correction calculation for a tax invoice related to VAT-exempt operations
- The State Tax Service in Vinnytsia region emphasizes that a tax invoice registered in the Unified Register of Tax Invoices is necessary for buyers to calculate tax amounts related to tax credits
- Tax invoices for VAT-exempt supplies should indicate No VAT with references to the relevant legal provisions
- Any changes in the compensation amount after supplying goods or services, including price revisions or returns, require adjustments to tax liabilities and credits based on a correction calculation
- The correction calculation must be registered in the Unified Register of Tax Invoices by the supplier if it increases the compensation amount or does not change it, and by the buyer if it decreases the compensation amount
- Since VAT-exempt tax invoices do not contain a VAT amount, creating a correction calculation to decrease the compensation amount does not affect the supplier’s VAT liabilities or the buyer’s tax credits
- Therefore, the correction calculation for decreasing the compensation amount in VAT-exempt operations must be registered by the seller in the Unified Register of Tax Invoices
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.
