- Negative value from line 19 of the VAT declaration can be used to offset VAT debt, but not exceeding the registration limit at the time of declaration receipt.
- Tax authorities clarified the amount of VAT that can be reflected in the March 2025 declaration to offset tax debt.
- Tax debt is different from tax obligation; it is the agreed monetary obligation not paid within the deadline.
- To use negative VAT value to offset tax debt, the debt must exist and its amount must be known.
- According to the Tax Code, negative value can reduce VAT debt from previous periods, not exceeding the registration amount at the time of declaration receipt.
- Example: A taxpayer with a negative VAT value of 456,000 UAH and a registration limit of 438,800 UAH can only offset 438,800 UAH of a 450,000 UAH debt.
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.
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