Ignoring VAT Registration: Risks and Consequences

• Failing to register as a VAT payer when required can lead to penalties.
• Individuals who are required to register as VAT payers but fail to do so are responsible for any unpaid VAT.
• If the total value of taxable goods or services sold within 12 months exceeds 1,000,000 hryvnias, the individual must register as a VAT payer.
• Individuals who fail to register as VAT payers are not eligible for tax credits or refunds.

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.

---

---