- Penalties depend on the number of days delayed
- Up to 15 days delay results in a 2 percent penalty of the VAT amount
- 16 to 30 days delay results in a 5 percent penalty
- 31 to 60 days delay results in a 10 percent penalty
- 61 to 365 days delay results in a 15 percent penalty
- More than 366 days delay results in a 25 percent penalty
- Separate penalty for operations with 0 percent VAT rate is 2 percent of the supply amount, not exceeding 1020 UAH
- If an invoice includes different VAT rates, penalties apply based on the delay for the main rate and 2 percent for 0 percent rate, not exceeding 1020 UAH
- Monitor registration deadlines to avoid financial losses
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.
